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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
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Nassim Nicholas Najib Taleb
Nassim Taleb
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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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Charm is the ability to insult people without offending them nerdiness the reverse
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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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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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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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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Academia is to knowledge what prostitution is to love.
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Greatness starts with the replacement of hatred with polite disdain.
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Much of aging comes from a misunderstanding of the effect of comfort.
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History is opaque. You see what comes out, not the script that produces events, [...] The generator of historical events is different from the events themselves, much as the minds of the gods cannot be read just by witnessing their deeds.
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We should reward people, not ridicule them, for thinking the impossible.
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Comfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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An option hides where we don't want it to hide.
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[A] theory is a very dangerous thing to have.
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It does not matter how frequently something succeeds if failure is too costly to bear.
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They think that intelligence is about noticing things are relevant (detecting patterns) in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)
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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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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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