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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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
Surprise
Negative
Lending
Banking
Outcomes
Likely
More quotes by Nassim Nicholas Taleb
People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.
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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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What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
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What we need to do is break the financial community's grip on society.
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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.
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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
While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
Nassim Nicholas Taleb
Stoicism is about the *domestication* of emotions, not their elimination.
Nassim Nicholas Taleb
Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
Nassim Nicholas Taleb
Daily news and sugar confuse our system in the same manner.
Nassim Nicholas Taleb
An erudite is someone who displays less than he knows a journalist or consultant the opposite.
Nassim Nicholas Taleb
I want to live happily in a world I don’t understand.
Nassim Nicholas Taleb
Ideas come and go, stories stay.
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The book is the only medium left that hasn't been corrupted by the profane.
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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
When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
Nassim Nicholas Taleb
Most people are sceptical about the wrong things and gullible about the wrong things.
Nassim Nicholas Taleb
Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
Nassim Nicholas Taleb
Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
Nassim Nicholas Taleb
Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.
Nassim Nicholas Taleb
