My infatuation with Karl Popper’s philosophy of science didn’t survive actual experience in the lab, which was far messier and more nuanced than the strict Austrian hypothesis falsification workflow Popper described. What, then, to make of this book, which is Popperian science applied to financial risk mitigation? It makes sound and persuasive arguments, but then again so did Popper when discussing general scientific progress.
In the dilemma also lies the answer — unlike Popper, who never conducted practical research, Mark Spitznagel is investor first, philosopher of finance last. He needed a framework to impart his wisdom and Popper’s served nicely, though I suspect just as much knowledge transfer would have occurred had he used verse.