by Dr. Jeffrey Lewis, Silver-coin-investor:
The concept of antifragility comes from Naseem Taleb’s book Antifragile. In it, he describes things and processes that thrive on mistakes and volatility.
Basically, an antifragile system is one where error and/or risk is allowed, encouraged and leads to improvement overall.
Fragile versus Robust: A fragile system is one that is artificially controlled, like a modern forest fire, for example. Such control ultimately leaves the system much more vulnerable to disaster.
Another example is the financial system in the age of constant bailouts and too big to fail companies. Add to this the absence of moral hazards, and the resulting extreme misallocation of capital and risk has resulted in a persistent disconnect between price and fundamentals.