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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
Outcomes
Likely
Surprise
Negative
Lending
Banking
More quotes by Nassim Nicholas Taleb
Your reputation is harmed the most by what you say to defend it.
Nassim Nicholas Taleb
Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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
Maximum of an average is necessarily less volatile than the average maximum
Nassim Nicholas Taleb
The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
Nassim Nicholas Taleb
Stoicism is about the *domestication* of emotions, not their elimination.
Nassim Nicholas Taleb
A washing machine needs constant maintenance. It doesn't want any harm. It wants tranquility, and you need someone to - you're not going to harm it by continuously monitoring it and adjusting it.
Nassim Nicholas Taleb
Being an economist is the least ethical profession, closer to charlatanism than any science.
Nassim Nicholas Taleb
What we need to do is break the financial community's grip on society.
Nassim Nicholas Taleb
He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
Nassim Nicholas Taleb
Greatness starts with the replacement of hatred with polite disdain.
Nassim Nicholas Taleb
I suppose that the main benefit of being rich (over just being independent) is to be able to despise rich people (a good concentration of whom you find in glitzy ski resorts) without any sour grapes. It is even sweeter when these farts don't know that you are richer than they are.
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Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
Nassim Nicholas Taleb
It's harder to say 'no' when you really mean it.
Nassim Nicholas Taleb
Most people are sceptical about the wrong things and gullible about the wrong things.
Nassim Nicholas Taleb
Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.
Nassim Nicholas Taleb
Only the autodidacts are free.
Nassim Nicholas Taleb
The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
Nassim Nicholas Taleb
You want to favor systems that benefit from error, disorder, variability and things like that. You want to favor these systems and unfortunately, when - there's something I call the Soviet Illusion. The more the government becomes intrusive, the more things have to follow a script, and it can't handle this kind of system.
Nassim Nicholas Taleb
If you don't feel that you haven't read enough, you haven't read enough.
Nassim Nicholas Taleb
