Bed of Procrustes

By: Nassim Nicholas Taleb Read: January 15, 2023 Rating: 6/10

Powerful set of quotes that distill the Incerto series in an easy fashion

Some quotes that I liked from the book:

“The cure for modernity is to punish the least competent and most intolerant of uncertainty” - Taleb’s inversion of traditional expertise hierarchy. Modern example: COVID pandemic showed epidemiologists with zero accountability outperformed by ER nurses with skin in the game.

“You never convince anyone by argument; they convince themselves through experience” - Explains why financial warnings fail. 2008 crisis survivors became risk-averse, while textbook economists kept promoting flawed models. Pain > theory.

“A prophet is not someone with visions, but someone who remembers what others forget” - Ancient Judean drought survival techniques now used in Israeli agriculture. Modern “innovation” often rediscovery of antifragile wisdom.

“Bureaucracy is a construction by which a person is conveniently separated from the consequences of their actions” - Pentagon’s 2022 audit failure vs. Roman legion system where engineers slept under bridges they built.

“The difference between technology and slavery is that slaves are fully aware they aren’t free” - Smartphone users check devices 96x/day yet deny addiction. Compare to tobacco executives smoking while denying cancer links.

Other books

Skin in the Game

Skin in the Game

Nassim Nicholas Taleb

Read: January 15, 2015 — Rating: 8/10

Helps understand decisions in terms of risks and incentives. Who has higher risk? and who has the ultimate incentive?

Continuous Discovery

Continuous Discovery

Teressa Torres

Read: February 2, 2025 — Rating: 7/10

Best way to approach product discovery is to be continuous. This is the best argument against project-based research in product teams.

Outliers

Outliers

Malcolm Gladwell

Read: February 2, 2025 — Rating: 8/10

Prime examples of pure, original thinking