Fragility is used to describe something that could–with a little bit more stress–breakdown. That’s our global financial system in a nutshell; not designed to absorb shocks, we teeter on the precipice waiting for the next 1997 Asian crisis, LTCM disaster, or Lehman Brothers to strike. What we really need is to build a system that can withstand shocks via built in redundancies. Nassim Taleb tells us why.
Video: Nassim Taleb on Robustness