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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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
Success
Morally
Feelings
Newspaper
External
Honour
Newspapers
Calibrated
Absence
Metric
Shame
Metrics
Feeling
Defines
More quotes by Nassim Nicholas Taleb
When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
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Things always become obvious after the fact
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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.
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I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill.
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Never take advice from someone wearing a tie.
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By setting oneself totally free of constraints, free of thoughts, free of this debilitating activity called work, free of efforts, elements hidden in the texture of reality start staring at you then mysteries that you never thought existed emerge in front of your eyes.
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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!
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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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What fools call wasting time is most often the best investment.
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Another definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.
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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
Nassim Nicholas Taleb
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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Luck is the grand equalizer.
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Anything organic requires some dose of variability so it can adapt all the time, and fixing things is not a good idea.
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Greatness starts with the replacement of hatred with polite disdain.
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Debt is a mistake between lender and borrower, and both should suffer.
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[A] theory is a very dangerous thing to have.
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.
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Heroes are heroes because they are heroic in behavior, not because they won or lost.
Nassim Nicholas Taleb
