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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
Money
Banking
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Banks
Made
Strike
Never
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Periodically
Losing
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Equivalent
More quotes by Nassim Nicholas Taleb
It does not matter how frequently something succeeds if failure is too costly to bear.
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He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
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Only the autodidacts are free.
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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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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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It was obvious that their profits were simply cash borrowed from destiny with some random payback time.
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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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To succeed in life requires a total inability to do anything that makes you uncomfortable when you look at yourself in the mirror.
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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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What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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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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Wit seduces by signaling intelligence without nerdiness.
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Never take advice from someone wearing a tie.
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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.
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Don't cross a river if it is four feet deep on average.
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The book is the only medium left that hasn't been corrupted by the profane.
Nassim Nicholas Taleb
I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
Nassim Nicholas Taleb
