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Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
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Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
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The more data we have, the more likely we are to drown in it.
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The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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What we need to do is break the financial community's grip on society.
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When you beat up someone physically, you get excercise and stress relief when you assault him verbally on the Internet, you just harm yourself.
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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
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Things always become obvious after the fact
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Those who do not think that employment is systemic slavery are either blind or employed.
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I want them poor and they deserve to be poor. You can't have capitalism without punishment.
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The person you are most afraid to contradict is yourself.
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