Conditional on our civilization surviving another 100 years, there will be things that today we take granted that will seem dumb stupid:

- Lack of skin in the game

- Binary education (exams in which you pass / don& #39;t pass) in a world where value creation is nonlinear.

1/N

2/
- Companies being allowed to extract profits before having built a redundancy reserve (eg cash to pay for 3 months of payroll)

- Institutional bankruptcy not being a thing (if an institution fail, all its executives go home and we start from scratch)

3/
- Binary medicine being a thing (either you have a condition or you don& #39;t)

- No application of the Precautionary Principle or ergodicity, expected value used instead.

- Papers judged on the operations performed in their paper not on their assumptions.

4/ There are many other things in today& #39;s world which will be seen as dumb stupid, but these in the list above are those which I& #39;m quite confident will be seen stupid *conditional to our civilization surviving another century in relative good shape*.

5/ Of course most of these points are discussed in Taleb& #39;s Antifragile / Skin In The Game, which I believe will become one of the most read authors, *conditional on civilization surviving*, which is the point of this thread: either we learn to manage risk appropriately, or https://abs.twimg.com/emoji/v2/... draggable="false" alt="👋" title="Waving hand" aria-label="Emoji: Waving hand">.