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I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
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More quotes by Nassim Nicholas Taleb
What fools call wasting time is most often the best investment.
Nassim Nicholas Taleb
We should ban banks from risk-taking because society is going to pay the price.
Nassim Nicholas Taleb
If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
Nassim Nicholas Taleb
The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
Nassim Nicholas Taleb
I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
Nassim Nicholas Taleb
The more data we have, the more likely we are to drown in it.
Nassim Nicholas Taleb
This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
Nassim Nicholas Taleb
Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
Nassim Nicholas Taleb
It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
Nassim Nicholas Taleb
Don't read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants... or (again) parties.
Nassim Nicholas Taleb
Ideas come and go, stories stay.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
What we need to do is break the financial community's grip on society.
Nassim Nicholas Taleb
An option hides where we don't want it to hide.
Nassim Nicholas Taleb
Economics make homeopath and alternative healers look empirical and scientific.
Nassim Nicholas Taleb
They are born, put in a box they go home to live in a box they study by ticking boxes they go to what is called work in a box, where they sit in their cubicle box they drive to the grocery store in a box to buy food in a box they talk about thinking outside the box and when they die they are put in a box.
Nassim Nicholas Taleb
Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.
Nassim Nicholas Taleb
The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
Nassim Nicholas Taleb
Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
Nassim Nicholas Taleb
Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
Nassim Nicholas Taleb
