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We should ban banks from risk-taking because society is going to pay the price.
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
Bans
Banks
Price
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Taking
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Society
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More quotes by 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.
Nassim Nicholas Taleb
true humility is when you can surprise yourself more than others the rest is either shyness or good marketing
Nassim Nicholas Taleb
Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.
Nassim Nicholas Taleb
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'.
Nassim Nicholas Taleb
Realism is punishing. Probabilistic skepticism is worse.
Nassim Nicholas Taleb
For the classics philosophical insight was the product of a life of leisure for me a life of leisure is the product of philosophical insight.
Nassim Nicholas Taleb
Greatness starts with the replacement of hatred with polite disdain.
Nassim Nicholas Taleb
But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
Nassim Nicholas Taleb
Most people are sceptical about the wrong things and gullible about the wrong things.
Nassim Nicholas Taleb
There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
We glorify those who left their names in history books at the expense of those contributors about whom our books are silent. We humans are not just a superficial race - we are a very unfair one.
Nassim Nicholas Taleb
Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
Nassim Nicholas Taleb
The more data we have, the more likely we are to drown in it.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
Nassim Nicholas Taleb
Never take advice from someone wearing a tie.
Nassim Nicholas Taleb
Much of aging comes from a misunderstanding of the effect of comfort.
Nassim Nicholas Taleb
I want to live happily in a world I don’t understand.
Nassim Nicholas Taleb
Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
Nassim Nicholas Taleb
