May 2, 2011

Robustness over Prediction

If I can't predict tomorrow's job market, how should I advise first-year students, undergraduate or graduate, who are preparing a job market in 5-7 years. Instead of providing a false of security via predictions, I advocate being robust.

Here is my short list of academic robustness:
Diverse research and teaching skills, within and between disciplines
No debt, both in loans and obligations
Low overhead, both professional and personally
Plenty of free capital, in time, attention, and money

This post was inspired by Nassim Taleb's book Black Swan.

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