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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.
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
Wrong
Bind
Together
Profitable
Right
Direction
Limits
Ignorance
Economic
Alone
Knowledge
More quotes by Nassim Nicholas Taleb
A good maxim allows you to have the last word without even starting a conversation.
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The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
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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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Academia is to knowledge what prostitution is to love.
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A man without a heroic bent starts dying at the age of thirty.
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The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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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.
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Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
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If you're going to fail, you'd rather fail early than fail late in general.
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Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.
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The grandchildren should not bear the debts of the grandparents.
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I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.
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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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I want to live happily in a world I don’t understand.
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Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general.
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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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Probability is not a mere computation of odds on the dice or more complicated variants it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.
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What we need to do is break the financial community's grip on society.
Nassim Nicholas Taleb
Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
Nassim Nicholas Taleb
