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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
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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
Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
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Every social association that is not face-to-face is injurious to your health.
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Anything organic requires some dose of variability so it can adapt all the time, and fixing things is not a good idea.
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The book is the only medium left that hasn't been corrupted by the profane.
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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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Probability is not a mere computation of odds on the dice or more complicated variants it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.
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People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.
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Maximum of an average is necessarily less volatile than the average maximum
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Don't ask the barber whether you need a haircut, and don't ask an academic if what he does is relevant.
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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.
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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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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive people in Washington.
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Greatness starts with the replacement of hatred with polite disdain.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.
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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
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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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If you don't feel that you haven't read enough, you haven't read enough.
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Most so-called writers keep writing and writing with the hope, some day, to find something to say.
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