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I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus.
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
Thinking
Increase
Streets
Wall
Goes
Anyone
Anything
Work
Bonus
Every
Street
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Aesthetics, ethics, and many good things in humans are contagious.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
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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.
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Your reputation is harmed the most by what you say to defend it.
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If humans fight the last war, nature fights the next one.
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There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
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Those who do not think that employment is systemic slavery are either blind or employed.
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Another definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.
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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
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Luck is the grand equalizer.
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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
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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 fastest way to become rich is to socialize with the poor the fastest way to become poor is to socialize with the rich.
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If you're going to fail, you'd rather fail early than fail late in general.
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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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Never take advice from someone wearing a tie.
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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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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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Realism is punishing. Probabilistic skepticism is worse.
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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?
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