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Alan Greenspan is unskilled you don't take the unskilled seriously.
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
Unskilled
Alan
Seriously
Take
More quotes by Nassim Nicholas Taleb
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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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
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What we need to do is break the financial community's grip on society.
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But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
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The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
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Simplicity is not so simple to attain.
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Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.
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Luck is the grand equalizer.
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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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The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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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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Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
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I hated school because I liked to daydream and the system tried to stop me from that.
Nassim Nicholas Taleb
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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There are systems that use failure as fuel for improvement, where the cost of failure is small.
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Prediction, not narration, is the real test of our understanding of the world.
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The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
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Charm is the ability to insult people without offending them nerdiness the reverse
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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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