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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
Debt
Mistake
Suffering
Lender
Borrower
Borrowers
Lenders
Suffer
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Heroes are heroes because they are heroic in behavior, not because they won or lost.
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A good maxim allows you to have the last word without even starting a conversation.
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My best definition of a nerd: someone who asks you to explain an aphorism
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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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Modernity widened the distance between the sensational and the relevant.
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A washing machine needs constant maintenance. It doesn't want any harm. It wants tranquility, and you need someone to - you're not going to harm it by continuously monitoring it and adjusting it.
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I suppose that the main benefit of being rich (over just being independent) is to be able to despise rich people (a good concentration of whom you find in glitzy ski resorts) without any sour grapes. It is even sweeter when these farts don't know that you are richer than they are.
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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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I want them poor and they deserve to be poor. You can't have capitalism without punishment.
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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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If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.
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To succeed in life requires a total inability to do anything that makes you uncomfortable when you look at yourself in the mirror.
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Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.
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An erudite is someone who displays less than he knows a journalist or consultant the opposite.
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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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The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference
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You never win an argument until they attack your person.
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I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
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You get pseudo-order when you seek order you only get a measure of order and control when you embrace randomness.
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