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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
Pay
Taking
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Society
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Bans
Banks
Price
More quotes by Nassim Nicholas Taleb
Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.
Nassim Nicholas Taleb
To bankrupt a fool, give him information.
Nassim Nicholas Taleb
Umberto Eco is the owner of a large personal library of almost 30,000 books that he has not read. [To him] read books are far less valuable than unread ones.
Nassim Nicholas Taleb
Those who do not think that employment is systemic slavery are either blind or employed.
Nassim Nicholas Taleb
If humans fight the last war, nature fights the next one.
Nassim Nicholas Taleb
Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
Nassim Nicholas Taleb
If you are in banking and lending, surprise outcomes are likely to be negative for you.
Nassim Nicholas Taleb
Being an economist is the least ethical profession, closer to charlatanism than any science.
Nassim Nicholas Taleb
What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
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
We should reward people, not ridicule them, for thinking the impossible.
Nassim Nicholas Taleb
I hated school because I liked to daydream and the system tried to stop me from that.
Nassim Nicholas Taleb
The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.
Nassim Nicholas Taleb
Aesthetics, ethics, and many good things in humans are contagious.
Nassim Nicholas Taleb
You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
Nassim Nicholas Taleb
I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.
Nassim Nicholas Taleb
We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
Nassim Nicholas Taleb
Writing is the art of repeating oneself without anyone noticing.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
