Antifragile by Nassim Nicholas Taleb

My own summary:

‪Ordinary people care about risk (exposure) and reward. Philosophers, theorists, and pure researchers argue, decide whether a thing is right or wrong, and equate truth with risk and reward.‬
Most importantly, a payoff is more important than philosopers' belief (right or wrong). Furthermore, there is a positive skew (asymmetry) / anti-fragility and negative skew (fragility). People are correctly making a decision based on fragility, not probability.

When things go efficient, they become fragile.

Academics and experts of quantitative analysis are those who disrespect what they can easily understand and get upset about ideas that they cannot come up with.

Your success in investments is not because of your accurate forecasts; it is thanks to asymmetric payoffs and optionality.

When your payoff is liner, then you have to make right decisions more than 50% of the time.
If a payoff is nonlinear and anti-fragile, then this probability could be less than that.

What people think right now could turn out to be right or wrong; what people believe wrong could barely be right.
A disproof is more strict (robust) than a proof.

Volatility and disorder could be profits for antifragile things thanks to asymmetric payoff distributions.

Ignore what they say, see how they act; that’s the best way to distinguish practitioners from chatterers.

Quotes from "The Big Short" by Michael Lewis

Mark Baum: We live in an era of fraud in America. Not just in banking, but in government, education, religion, food, even baseball... What bothers me ins't that fraud is not nice. Or that fraud is mean. For fifteen thousand years, fraud and short sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did.