In one clean and concise sentence, Taleb summarizes why we measure and map economies within our rate of change 4 Quadrant framework. Our #process is fractal.
As Taleb goes on to explain, “The main idea behind complex systems is that the ensemble behaves in ways not predicted by its components. Studying individual ants will almost never give us a clear indication of how the ant colony operates…”
“For that, one needs to understand an ant colony as an ant colony… not a collection of ants. This is called an emergent property of the whole, by which parts and whole differ because what matters are the interactions between such parts.” (Skin In The Game, pg 69)