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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
People
Adventurers
Harmed
Adventurer
Harm
Capitalism
Mistakes
Mistake
Others

More quotes by Nassim Nicholas Taleb

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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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Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
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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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When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
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If I could predict what my day would exactly look like, I would feel a little bit dead.
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We should ban banks from risk-taking because society is going to pay the price.
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Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.
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Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.
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Experience is devoid of the cherry-picking that we find in studies.
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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If you don't feel that you haven't read enough, you haven't read enough.
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Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same the antifragile gets better.
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There are systems that use failure as fuel for improvement, where the cost of failure is small.
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To bankrupt a fool, give him information.
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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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History is opaque. You see what comes out, not the script that produces events, [...] The generator of historical events is different from the events themselves, much as the minds of the gods cannot be read just by witnessing their deeds.
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The person you are most afraid to contradict is yourself.
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You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
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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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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).
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