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You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Philosopher
Statistician
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Nassim Nicholas Najib Taleb
Nassim Taleb
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It does not matter how frequently something succeeds if failure is too costly to bear.
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There are systems that use failure as fuel for improvement, where the cost of failure is small.
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I hated school because I liked to daydream and the system tried to stop me from that.
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My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.
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Daily news and sugar confuse our system in the same manner.
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If you don't feel that you haven't read enough, you haven't read enough.
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When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.
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Love without sacrifice is like theft
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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.
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A man without a heroic bent starts dying at the age of thirty.
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I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
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It is a sign of weakness to avoid showing signs of weakness.
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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
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Your reputation is harmed the most by what you say to defend it.
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What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
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Don't cross a river if it is four feet deep on average.
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Don't ask the barber whether you need a haircut, and don't ask an academic if what he does is relevant.
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Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.
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I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive people in Washington.
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