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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.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
Confidence
Wittgenstein
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More quotes by Nassim Nicholas Taleb
Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.
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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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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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Modernity widened the distance between the sensational and the relevant.
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You get pseudo-order when you seek order you only get a measure of order and control when you embrace randomness.
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Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.
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Paul Krugman is a danger to society!
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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
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Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.
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My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.
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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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As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.
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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.
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Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
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Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.
Nassim Nicholas Taleb
Writing is the art of repeating oneself without anyone noticing.
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The person you are most afraid to contradict is yourself.
Nassim Nicholas Taleb
When I trade, I don't have an agency problem I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
Nassim Nicholas Taleb
If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.
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Most people are sceptical about the wrong things and gullible about the wrong things.
Nassim Nicholas Taleb
