Nassim Taleb: the bigger something gets, the more fragile it becomes.
Jump off a 1-meter ledge ten times - you're fine. Jump 10 meters once - you're dead.
Size works the same way. One giant bank dumping €50B moved the market 12% and lost billions. Ten small banks dumping €5B each would've lost almost nothing.
"An elephant breaks a leg when it falls. A mouse doesn't."
"The best predictor of a company's bankruptcy is steady earnings."
"Don't cross a river that's on average four feet deep."
~40 min, free. why small, jagged and distributed outlives big, smooth and centralized ↓
🚨 WORLD CUP TICKETS FOR GHANAIANS IN CANADA:
High Commissioner of Ghana to Canada says he has been authorised to take email addresses of Ghanaians who want to attend the Panama game as follows:
Email [email protected] by June 10 for information and further action. 🇬🇭 🇨🇦 🇵🇦
@Moraa_ta How do goalkeepers come into penalty shootouts with a list of the opponents and where to dive for each?
What I’m saying is that, whether this video is posted or not, where players are most likely to shoot is already available to opponents’ technical teams. It’s not a secret.