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Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
Essayist
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
Writing is the art of repeating oneself without anyone noticing.
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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.
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This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
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Much of aging comes from a misunderstanding of the effect of comfort.
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We favor the visible, the embedded, the personal, the narrated, and the tangible we scorn the abstract.
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If I could predict what my day would exactly look like, I would feel a little bit dead.
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There are systems that use failure as fuel for improvement, where the cost of failure is small.
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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
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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.
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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!
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I want to live happily in a world I don’t understand.
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The inability to predict outliers implies the inability to predict the course of history
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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An erudite is someone who displays less than he knows a journalist or consultant the opposite.
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It is a sign of weakness to avoid showing signs of weakness.
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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
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The person you are most afraid to contradict is yourself.
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The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.
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