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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.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
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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
If my detractors knew me better they would hate me even more.
Nassim Nicholas Taleb
If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
Nassim Nicholas Taleb
Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
Nassim Nicholas Taleb
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
There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
Nassim Nicholas Taleb
The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
Nassim Nicholas Taleb
Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.
Nassim Nicholas Taleb
We glorify those who left their names in history books at the expense of those contributors about whom our books are silent. We humans are not just a superficial race - we are a very unfair one.
Nassim Nicholas Taleb
[A] theory is a very dangerous thing to have.
Nassim Nicholas Taleb
Economics make homeopath and alternative healers look empirical and scientific.
Nassim Nicholas Taleb
It is a sign of weakness to avoid showing signs of weakness.
Nassim Nicholas Taleb
The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
Nassim Nicholas Taleb
The more data we have, the more likely we are to drown in it.
Nassim Nicholas Taleb
Modernity widened the distance between the sensational and the relevant.
Nassim Nicholas Taleb
A good maxim allows you to have the last word without even starting a conversation.
Nassim Nicholas Taleb
I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.
Nassim Nicholas Taleb
I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.
Nassim Nicholas Taleb
While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
Nassim Nicholas Taleb
