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Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
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
History
Fragility
Order
Globalization
Time
Christmas
China
Meant
Layoffs
York
Cancellation
Created
Interlocking
Universe
Layoff
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We favor the visible, the embedded, the personal, the narrated, and the tangible we scorn the abstract.
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Your reputation is harmed the most by what you say to defend it.
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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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I suppose that the main benefit of being rich (over just being independent) is to be able to despise rich people (a good concentration of whom you find in glitzy ski resorts) without any sour grapes. It is even sweeter when these farts don't know that you are richer than they are.
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If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.
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To succeed in life requires a total inability to do anything that makes you uncomfortable when you look at yourself in the mirror.
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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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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 world we live in is vastly different from the world we think we live in.
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Never take advice from someone wearing a tie.
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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
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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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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.
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Go to parties. You can't even start to know what you may find on the envelope of serendipity. If you suffer from agoraphobia, send colleagues.
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Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.
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I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.
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A prophet is not someone with special visions, just someone blind to most of what others see
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