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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
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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Adventurers
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Capitalism
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More quotes by Nassim Nicholas Taleb
If my detractors knew me better they would hate me even more.
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
When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.
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
Economics make homeopath and alternative healers look empirical and scientific.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
Please, don’t drive a school bus blindfolded.
Nassim Nicholas Taleb
The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.
Nassim Nicholas Taleb
It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.
Nassim Nicholas Taleb
Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.
Nassim Nicholas Taleb
Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.
Nassim Nicholas Taleb
The book is the only medium left that hasn't been corrupted by the profane.
Nassim Nicholas Taleb
The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
Nassim Nicholas Taleb
Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
Nassim Nicholas Taleb
Daily news and sugar confuse our system in the same manner.
Nassim Nicholas Taleb
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
I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus.
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
An option hides where we don't want it to hide.
Nassim Nicholas Taleb
