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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
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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Bankers
More quotes by Nassim Nicholas Taleb
Don't read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants... or (again) parties.
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My best definition of a nerd: someone who asks you to explain an aphorism
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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Modernity widened the distance between the sensational and the relevant.
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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 characteristic feature of the loser is to bemoan, in general terms, mankind's flaws, biases, contradictions, and irrationality - without exploiting them for fun and profit
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The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
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The grandchildren should not bear the debts of the grandparents.
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Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same the antifragile gets better.
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When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
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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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There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
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You have a real life if and only if you do not compete with anyone in any of your pursuits.
Nassim Nicholas Taleb
To bankrupt a fool, give him information.
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
Nassim Nicholas Taleb
Your reputation is harmed the most by what you say to defend it.
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It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.
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But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
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We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
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We glorify those who left their names in history books at the expense of those contributors about whom our books are silent. We humans are not just a superficial race - we are a very unfair one.
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