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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
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Impossible
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More quotes by Nassim Nicholas Taleb
Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.
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Luck is the grand equalizer.
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He who has never sinned is less reliable than he who has only sinned once.
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Realism is punishing. Probabilistic skepticism is worse.
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Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
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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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To bankrupt a fool, give him information.
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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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We should ban banks from risk-taking because society is going to pay the price.
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Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.
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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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Simplicity is not so simple to attain.
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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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Writing is the art of repeating oneself without anyone noticing.
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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
Don't disturb complicated systems that have been around for a very long time. We don't understand their logic. Don't pollute the planet. Leave it the way we found it, regardless of scientific 'evidence'.
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When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.
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The inability to predict outliers implies the inability to predict the course of history
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Stoicism is about the *domestication* of emotions, not their elimination.
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Most people are sceptical about the wrong things and gullible about the wrong things.
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