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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
Banking
Outcomes
Likely
Surprise
Negative
Lending
More quotes by Nassim Nicholas Taleb
To bankrupt a fool, give him information.
Nassim Nicholas Taleb
I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
Nassim Nicholas Taleb
Maximum of an average is necessarily less volatile than the average maximum
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If humans fight the last war, nature fights the next one.
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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.
Nassim Nicholas Taleb
The inability to predict outliers implies the inability to predict the course of history
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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.
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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An erudite is someone who displays less than he knows a journalist or consultant the opposite.
Nassim Nicholas Taleb
When I trade, I don't have an agency problem I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
Nassim Nicholas Taleb
Charm is the ability to insult people without offending them nerdiness the reverse
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Prediction, not narration, is the real test of our understanding of the world.
Nassim Nicholas Taleb
There are systems that use failure as fuel for improvement, where the cost of failure is small.
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
You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
Nassim Nicholas Taleb
