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It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.
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
Necessarily
Lead
Peace
War
Often
Denouement
Doe
Predict
Able
Tension
Might
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Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
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It's not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.
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My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.
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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
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Economics make homeopath and alternative healers look empirical and scientific.
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He who has never sinned is less reliable than he who has only sinned once.
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It does not matter how frequently something succeeds if failure is too costly to bear.
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