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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
Debts
Grandparents
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Grandchildren
Debt
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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
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Every social association that is not face-to-face is injurious to your health.
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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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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
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Read books are far less valuable than unread ones.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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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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Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
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They think that intelligence is about noticing things are relevant (detecting patterns) in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)
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What we need to do is break the financial community's grip on society.
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Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
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Stoicism is about the *domestication* of emotions, not their elimination.
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The characteristic feature of the loser is to bemoan, in general terms, mankind's flaws, biases, contradictions, and irrationality - without exploiting them for fun and profit
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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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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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I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive people in Washington.
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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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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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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