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@fap He only needs to argue that markets are more rational than individuals, and I'm not sure that book argues against that, only that they aren't rational enough, for some idea of enough.
I think the idea that incorrect assumptions, and in particular false weights, get punished by the harsh realities of the market, holds up.
This is also what Nassim Nicholas Taleb in his ideas about skin in the game and robust economical systems.
I haven't read https://en.wikipedia.org/wiki/Antifragile but it's on the list.