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The inability to predict outliers implies the inability to predict the course of history
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
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Outliers
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More quotes by Nassim Nicholas Taleb
Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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Simplicity is not so simple to attain.
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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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Economics make homeopath and alternative healers look empirical and scientific.
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It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
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Ideas come and go, stories stay.
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Maximum of an average is necessarily less volatile than the average maximum
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Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
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Charm is the ability to insult people without offending them nerdiness the reverse
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You never win an argument until they attack your person.
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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
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He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
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The world we live in is vastly different from the world we think we live in.
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You will be civilized on the day you can spend a long period doing nothing, learning nothing, and improving nothing, without feeling the slightest amount of guilt.
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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.
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Greatness starts with the replacement of hatred with polite disdain.
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Prediction, not narration, is the real test of our understanding of the world.
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As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.
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The fastest way to become rich is to socialize with the poor the fastest way to become poor is to socialize with the rich.
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Don't read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants... or (again) parties.
Nassim Nicholas Taleb
