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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
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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
Difficult
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More quotes by Nassim Nicholas Taleb
Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
Nassim Nicholas Taleb
Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
Nassim Nicholas Taleb
Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
Nassim Nicholas Taleb
I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
Nassim Nicholas Taleb
The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
Nassim Nicholas Taleb
The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
Nassim Nicholas Taleb
Heroes are heroes because they are heroic in behavior, not because they won or lost.
Nassim Nicholas Taleb
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
Never take advice from someone wearing a tie.
Nassim Nicholas Taleb
The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
Nassim Nicholas Taleb
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
Ideas come and go, stories stay.
Nassim Nicholas Taleb
To bankrupt a fool, give him information.
Nassim Nicholas Taleb
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
Read books are far less valuable than unread ones.
Nassim Nicholas Taleb
There are systems that use failure as fuel for improvement, where the cost of failure is small.
Nassim Nicholas Taleb
Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
The book is the only medium left that hasn't been corrupted by the profane.
Nassim Nicholas Taleb
Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
Nassim Nicholas Taleb