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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
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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Accumulated
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Deficit
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You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
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An option hides where we don't want it to hide.
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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
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A man without a heroic bent starts dying at the age of thirty.
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Don't disturb complicated systems that have been around for a very long time. We don't understand their logic. Don't pollute the planet. Leave it the way we found it, regardless of scientific 'evidence'.
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Prediction, not narration, is the real test of our understanding of the world.
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I want them poor and they deserve to be poor. You can't have capitalism without punishment.
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Paul Krugman is a danger to society!
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It is often the mistakes of others that benefit the rest of us and, sadly, not them ... For the antifragile, harm from errors should be less than the benefits.
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A good maxim allows you to have the last word without even starting a conversation.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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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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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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Stoicism is about the *domestication* of emotions, not their elimination.
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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
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The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
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A competitive athlete is painful to look at trying hard to become an animal rather than a man, he will never be as fast as a cheetah or as strong as an ox.
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Experience is devoid of the cherry-picking that we find in studies.
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When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
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