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It was obvious that their profits were simply cash borrowed from destiny with some random payback time.

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
Risk
Borrowed
Simply
Profits
Time
Random
Cash
Profit
Management
Obvious
Destiny

More quotes by Nassim Nicholas Taleb

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If you don't feel that you haven't read enough, you haven't read enough.
Nassim Nicholas Taleb
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Philosophers talk about truth and falsehood. People in life talk about payoff, exposure, and consequences (risks and rewards), hence fragility and antifragility. And sometimes philosophers and thinkers and those who study conflate Truth with risks and rewards.
Nassim Nicholas Taleb
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Ideas come and go, stories stay.
Nassim Nicholas Taleb
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I hated school because I liked to daydream and the system tried to stop me from that.
Nassim Nicholas Taleb
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Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
Nassim Nicholas Taleb
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Heroes are heroes because they are heroic in behavior, not because they won or lost.
Nassim Nicholas Taleb
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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.
Nassim Nicholas Taleb
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Dress your best on your execution day. Be extremely courteous to your assistant when you lose money. Try not to blame others for your fate, even if they deserve blame. Never exhibit any self-pity. Do not complain.
Nassim Nicholas Taleb
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The person you are most afraid to contradict is yourself.
Nassim Nicholas Taleb
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Prediction, not narration, is the real test of our understanding of the world.
Nassim Nicholas Taleb
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We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?
Nassim Nicholas Taleb
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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
Nassim Nicholas Taleb
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It's not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.
Nassim Nicholas Taleb
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You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
Nassim Nicholas Taleb
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The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
Nassim Nicholas Taleb
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Realism is punishing. Probabilistic skepticism is worse.
Nassim Nicholas Taleb
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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.
Nassim Nicholas Taleb
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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.
Nassim Nicholas Taleb
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If my detractors knew me better they would hate me even more.
Nassim Nicholas Taleb
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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.
Nassim Nicholas Taleb