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Debt is a mistake between lender and borrower, and both should suffer.
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
Lender
Borrower
Borrowers
Lenders
Suffer
Debt
Mistake
Suffering
More quotes by Nassim Nicholas Taleb
Never take advice from someone wearing a tie.
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Much of aging comes from a misunderstanding of the effect of comfort.
Nassim Nicholas Taleb
Those who do not think that employment is systemic slavery are either blind or employed.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.
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The twentieth century was the bankruptcy of the social utopia the twenty-first will be that of the technological one.
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Comfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
Nassim Nicholas Taleb
Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
Nassim Nicholas Taleb
The same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.
Nassim Nicholas Taleb
Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
Nassim Nicholas Taleb
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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There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
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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.
Nassim Nicholas Taleb
Only the autodidacts are free.
Nassim Nicholas Taleb
A prophet is not someone with special visions, just someone blind to most of what others see
Nassim Nicholas Taleb
Prediction, not narration, is the real test of our understanding of the world.
Nassim Nicholas Taleb
Academia is to knowledge what prostitution is to love.
Nassim Nicholas Taleb
We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?
Nassim Nicholas Taleb
