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Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same the antifragile gets better.
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
Shock
Gets
Beyond
Better
Resists
Shocks
Resilient
Resilience
Stays
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Alan Greenspan is unskilled you don't take the unskilled seriously.
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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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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
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Only in recent history has working hard signaled pride rather than shame for lack of talent, finesse and, mostly, sprezzatura .
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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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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Greatness starts with the replacement of hatred with polite disdain.
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[A] theory is a very dangerous thing to have.
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Don't cross a river if it is four feet deep on average.
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Love without sacrifice is like theft
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I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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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.
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Those who do not think that employment is systemic slavery are either blind or employed.
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I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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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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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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