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We should reward people, not ridicule them, for thinking the impossible.
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
Thinking
People
Ridicule
Reward
Rewards
Impossible
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The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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What we need to do is break the financial community's grip on society.
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You have a real life if and only if you do not compete with anyone in any of your pursuits.
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Aesthetics, ethics, and many good things in humans are contagious.
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You want to favor systems that benefit from error, disorder, variability and things like that. You want to favor these systems and unfortunately, when - there's something I call the Soviet Illusion. The more the government becomes intrusive, the more things have to follow a script, and it can't handle this kind of system.
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A verbal threat is the most authentic certificate of impotence.
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Maximum of an average is necessarily less volatile than the average maximum
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The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
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The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
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Read books are far less valuable than unread ones.
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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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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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I want them poor and they deserve to be poor. You can't have capitalism without punishment.
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Realism is punishing. Probabilistic skepticism is worse.
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This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
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