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Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
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
Ethics
Law
Good
Modernity
Replaced
Lawyer
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We favor the visible, the embedded, the personal, the narrated, and the tangible we scorn the abstract.
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Stoicism is about the *domestication* of emotions, not their elimination.
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Debt is a mistake between lender and borrower, and both should suffer.
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A verbal threat is the most authentic certificate of impotence.
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Luck is the grand equalizer.
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What we need to do is break the financial community's grip on society.
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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.
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We should reward people, not ridicule them, for thinking the impossible.
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An option hides where we don't want it to hide.
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Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.
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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
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You never win an argument until they attack your person.
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You want to be yourself, idiosyncratic the collective (school, rules, jobs, technology) wants you generic to the point of castration.
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Academia is to knowledge what prostitution is to love.
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The characteristic feature of the loser is to bemoan, in general terms, mankind's flaws, biases, contradictions, and irrationality - without exploiting them for fun and profit
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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
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The person you are most afraid to contradict is yourself.
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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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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