Taleb writes the following for a hypothetical National Entrepreneur Day: "Most of you will fail, disrespected, impoverished, but we are grateful for the risks you are taking and the sacrifices you are making for the sake of the economic growth of the planet and pulling others out of poverty. You are at the source of our antifragility. Our nation thanks you."
Rewarding innovators with non-economic goods just for trying.
I think there's a strong case that people exploring innovation in a startup way, including those who fail, should be driven in a semi-irration... (read more)
2elidourado1yYes, there are benefits to trying new hard things that are not captured by the
entrepreneur, so we should want them to try even when the cost/benefit to them
is marginal or even somewhat under water.
Taleb writes the following for a hypothetical National Entrepreneur Day:
"Most of you will fail, disrespected, impoverished, but we are grateful for the risks you are taking and the sacrifices you are making for the sake of the economic growth of the planet and pulling others out of poverty. You are at the source of our antifragility. Our nation thanks you."
Rewarding innovators with non-economic goods just for trying.
I think there's a strong case that people exploring innovation in a startup way, including those who fail, should be driven in a semi-irration... (read more)