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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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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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If my detractors knew me better they would hate me even more.
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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 psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference
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The world we live in is vastly different from the world we think we live in.
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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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It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.
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Debt is a mistake between lender and borrower, and both should suffer.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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Realism is punishing. Probabilistic skepticism is worse.
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Writing is the art of repeating oneself without anyone noticing.
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If you're going to fail, you'd rather fail early than fail late in general.
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Never trust a journalist unless she's your mother.
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A competitive athlete is painful to look at trying hard to become an animal rather than a man, he will never be as fast as a cheetah or as strong as an ox.
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