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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
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
Realize
Risky
Huge
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Realizing
Banking
Water
Waters
Business
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Calm
Late
Treacherous
More quotes by Nassim Nicholas Taleb
As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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The more data we have, the more likely we are to drown in it.
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The inability to predict outliers implies the inability to predict the course of history
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Another definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.
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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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Most people are sceptical about the wrong things and gullible about the wrong things.
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A man without a heroic bent starts dying at the age of thirty.
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Your reputation is harmed the most by what you say to defend it.
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Don't read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants... or (again) parties.
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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.
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When I trade, I don't have an agency problem I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
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Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.
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Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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We should reward people, not ridicule them, for thinking the impossible.
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The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
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I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.
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Alan Greenspan is unskilled you don't take the unskilled seriously.
Nassim Nicholas Taleb
