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The world we live in is vastly different from the world we think we live in.
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
Live
Different
Think
Thinking
World
Vastly
More quotes by Nassim Nicholas Taleb
Don't cross a river if it is four feet deep on average.
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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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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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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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When you beat up someone physically, you get excercise and stress relief when you assault him verbally on the Internet, you just harm yourself.
Nassim Nicholas Taleb
People focus on role models it is more effective to find antimodels - people you don't want to resemble when you grow up
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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An option hides where we don't want it to hide.
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It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
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The inability to predict outliers implies the inability to predict the course of history
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Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
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Never take advice from someone wearing a tie.
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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.
Nassim Nicholas Taleb
Probability is not a mere computation of odds on the dice or more complicated variants it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.
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They think that intelligence is about noticing things are relevant (detecting patterns) in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)
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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
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If my detractors knew me better they would hate me even more.
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Only the autodidacts are free.
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