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Maximum of an average is necessarily less volatile than the average maximum

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
Volatile
Maximum
Necessarily
Average
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Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.
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Every social association that is not face-to-face is injurious to your health.
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Ideas come and go, stories stay.
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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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If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.
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Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
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The twentieth century was the bankruptcy of the social utopia the twenty-first will be that of the technological one.
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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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To bankrupt a fool, give him information.
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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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Economics make homeopath and alternative healers look empirical and scientific.
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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Most so-called writers keep writing and writing with the hope, some day, to find something to say.
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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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What we need to do is break the financial community's grip on society.
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Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
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What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
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A verbal threat is the most authentic certificate of impotence.
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Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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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.
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