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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
Time
Christmas
China
Meant
Layoffs
York
Cancellation
Created
Interlocking
Universe
Layoff
History
Fragility
Order
Globalization

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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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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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Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
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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.
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Much of aging comes from a misunderstanding of the effect of comfort.
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The more data we have, the more likely we are to drown in it.
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Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.
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I'm in favour of religion as a tamer of arrogance. For a Greek Orthodox, the idea of God as creator outside the human is not God in God's terms. My God isn't the God of George Bush.
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It is also naïve empiricism to provide, in support of some argument, series of eloquent confirmatory quotes by dead authorities. By searching, you can always find someone who made a well-sounding statement that confirms your point of view and, on every topic, it is possible to find another dead thinker who said the exact opposite.
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It was obvious that their profits were simply cash borrowed from destiny with some random payback time.
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The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
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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.
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I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
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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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If I could predict what my day would exactly look like, I would feel a little bit dead.
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Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
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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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Maximum of an average is necessarily less volatile than the average maximum
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