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It does not matter how frequently something succeeds if failure is too costly to bear.
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
Matter
Costly
Something
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Bear
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More quotes by Nassim Nicholas Taleb
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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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.
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You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
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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.
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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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It is also naïve empiricism to provide, in support of some argument, series of eloquent confirmatory quotes by dead authorities. By searching, you can always find someone who made a well-sounding statement that confirms your point of view and, on every topic, it is possible to find another dead thinker who said the exact opposite.
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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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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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It's harder to say 'no' when you really mean it.
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History is opaque. You see what comes out, not the script that produces events, [...] The generator of historical events is different from the events themselves, much as the minds of the gods cannot be read just by witnessing their deeds.
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Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same the antifragile gets better.
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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
You want to be yourself, idiosyncratic the collective (school, rules, jobs, technology) wants you generic to the point of castration.
Nassim Nicholas Taleb
Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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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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The grandchildren should not bear the debts of the grandparents.
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The world we live in is vastly different from the world we think we live in.
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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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Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
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A good maxim allows you to have the last word without even starting a conversation.
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