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The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
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
People
Solution
Eventually
Solutions
Hurt
American
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Find
Accumulated
Much
Deficit
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The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
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This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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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.
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Dress your best on your execution day. Be extremely courteous to your assistant when you lose money. Try not to blame others for your fate, even if they deserve blame. Never exhibit any self-pity. Do not complain.
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Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
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