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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.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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More quotes by Nassim Nicholas Taleb
It is often the mistakes of others that benefit the rest of us and, sadly, not them ... For the antifragile, harm from errors should be less than the benefits.
Nassim Nicholas Taleb
Much of aging comes from a misunderstanding of the effect of comfort.
Nassim Nicholas Taleb
Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
Nassim Nicholas Taleb
Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
Nassim Nicholas Taleb
When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.
Nassim Nicholas Taleb
Only in recent history has working hard signaled pride rather than shame for lack of talent, finesse and, mostly, sprezzatura .
Nassim Nicholas Taleb
I suppose that the main benefit of being rich (over just being independent) is to be able to despise rich people (a good concentration of whom you find in glitzy ski resorts) without any sour grapes. It is even sweeter when these farts don't know that you are richer than they are.
Nassim Nicholas Taleb
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
Your reputation is harmed the most by what you say to defend it.
Nassim Nicholas Taleb
Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
Nassim Nicholas Taleb
Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.
Nassim Nicholas Taleb
The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
Nassim Nicholas Taleb
The book is the only medium left that hasn't been corrupted by the profane.
Nassim Nicholas Taleb
The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.
Nassim Nicholas Taleb
The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
Nassim Nicholas Taleb
The same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.
Nassim Nicholas Taleb
Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
Nassim Nicholas Taleb
But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.
Nassim Nicholas Taleb
Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
Nassim Nicholas Taleb
The person you are most afraid to contradict is yourself.
Nassim Nicholas Taleb
