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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.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
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Nassim Nicholas Najib Taleb
Nassim Taleb
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More quotes by Nassim Nicholas Taleb
Never trust a journalist unless she's your mother.
Nassim Nicholas Taleb
Umberto Eco is the owner of a large personal library of almost 30,000 books that he has not read. [To him] read books are far less valuable than unread ones.
Nassim Nicholas Taleb
Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general.
Nassim Nicholas Taleb
When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.
Nassim Nicholas Taleb
A man without a heroic bent starts dying at the age of thirty.
Nassim Nicholas Taleb
Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.
Nassim Nicholas Taleb
What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
Nassim Nicholas Taleb
Heroes are heroes because they are heroic in behavior, not because they won or lost.
Nassim Nicholas Taleb
Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
Nassim Nicholas Taleb
Most so-called writers keep writing and writing with the hope, some day, to find something to say.
Nassim Nicholas Taleb
I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
Nassim Nicholas Taleb
The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
Nassim Nicholas Taleb
Don't ask the barber whether you need a haircut, and don't ask an academic if what he does is relevant.
Nassim Nicholas Taleb
The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
Nassim Nicholas Taleb
Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.
Nassim Nicholas Taleb
We glorify those who left their names in history books at the expense of those contributors about whom our books are silent. We humans are not just a superficial race - we are a very unfair one.
Nassim Nicholas Taleb
I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
