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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
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
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Late
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Banking
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Waters
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I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.
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What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
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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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Heroes are heroes because they are heroic in behavior, not because they won or lost.
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If my detractors knew me better they would hate me even more.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
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It was obvious that their profits were simply cash borrowed from destiny with some random payback time.
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