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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

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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
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Events
Precision
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Economic
Predict
World
Future
Phenomena
Perfect
Model
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Chaos
Anything
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Infinite
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When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
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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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Simplicity is not so simple to attain.
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[A] theory is a very dangerous thing to have.
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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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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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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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Charm is the ability to insult people without offending them nerdiness the reverse
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The more data we have, the more likely we are to drown in it.
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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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A washing machine needs constant maintenance. It doesn't want any harm. It wants tranquility, and you need someone to - you're not going to harm it by continuously monitoring it and adjusting it.
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Debt is a mistake between lender and borrower, and both should suffer.
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The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
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Economics make homeopath and alternative healers look empirical and scientific.
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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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If you're going to fail, you'd rather fail early than fail late in general.
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I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus.
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It is remarkable how fast and how effectively you can construct a nationality with a flag , a few speeches, and a national anthem to this day I avoid the label Lebanese, preferring the less restrictive Levantine designation.
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Another definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.
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