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The grandchildren should not bear the debts of the grandparents.

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
Grandchildren
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Bears
Debts
Grandparents
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More quotes by Nassim Nicholas Taleb

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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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The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
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I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.
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Only in recent history has working hard signaled pride rather than shame for lack of talent, finesse and, mostly, sprezzatura .
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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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true humility is when you can surprise yourself more than others the rest is either shyness or good marketing
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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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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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A prophet is not someone with special visions, just someone blind to most of what others see
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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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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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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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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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.
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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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But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.
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When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.
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Read books are far less valuable than unread ones.
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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
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