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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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More quotes by Nassim Nicholas Taleb
Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
Nassim Nicholas Taleb
Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.
Nassim Nicholas Taleb
Most so-called writers keep writing and writing with the hope, some day, to find something to say.
Nassim Nicholas Taleb
For the classics philosophical insight was the product of a life of leisure for me a life of leisure is the product of philosophical insight.
Nassim Nicholas Taleb
[A] theory is a very dangerous thing to have.
Nassim Nicholas Taleb
If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.
Nassim Nicholas Taleb
I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
Nassim Nicholas Taleb
If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.
Nassim Nicholas Taleb
Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
Nassim Nicholas Taleb
When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
Nassim Nicholas Taleb
If you're going to fail, you'd rather fail early than fail late in general.
Nassim Nicholas Taleb
Most people are sceptical about the wrong things and gullible about the wrong things.
Nassim Nicholas Taleb
Comfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
Nassim Nicholas Taleb
Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
Nassim Nicholas Taleb
Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
Nassim Nicholas Taleb
Alan Greenspan is unskilled you don't take the unskilled seriously.
Nassim Nicholas Taleb
Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
Nassim Nicholas Taleb
The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
Nassim Nicholas Taleb
Every social association that is not face-to-face is injurious to your health.
Nassim Nicholas Taleb
We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
Nassim Nicholas Taleb
