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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.

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
Mistake
Others
People
Adventurers
Harmed
Adventurer
Harm
Capitalism
Mistakes

More quotes by Nassim Nicholas Taleb

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The best way to measure the loss of intellectual sophistication - this nerdification, to put it bluntly - is in the growing disappearance of sarcasm, as mechanic minds take insults a bit too literally.
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What fools call wasting time is most often the best investment.
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Greatness starts with the replacement of hatred with polite disdain.
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It is a sign of weakness to avoid showing signs of weakness.
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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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It's not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.
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People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.
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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.
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What we need to do is break the financial community's grip on society.
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By setting oneself totally free of constraints, free of thoughts, free of this debilitating activity called work, free of efforts, elements hidden in the texture of reality start staring at you then mysteries that you never thought existed emerge in front of your eyes.
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We should ban banks from risk-taking because society is going to pay the price.
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It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
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It is often the mistakes of others that benefit the rest of us and, sadly, not them ... For the antifragile, harm from errors should be less than the benefits.
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He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
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The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.
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Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
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You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
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The fastest way to become rich is to socialize with the poor the fastest way to become poor is to socialize with the rich.
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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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Simplicity is not so simple to attain.
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