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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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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
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Philosopher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
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Economics make homeopath and alternative healers look empirical and scientific.
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Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.
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Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
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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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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 fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
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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.
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The same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.
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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.
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A good maxim allows you to have the last word without even starting a conversation.
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The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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Paul Krugman is a danger to society!
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As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.
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When I trade, I don't have an agency problem I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
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He who has never sinned is less reliable than he who has only sinned once.
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Luck is the grand equalizer.
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You get pseudo-order when you seek order you only get a measure of order and control when you embrace randomness.
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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.
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