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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.

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
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
Anxiety
Policy
Rather
Making
Forecasting
Used
Bureaucrats
Adequate
Tends
Relief

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If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.
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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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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
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A man without a heroic bent starts dying at the age of thirty.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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If you're going to fail, you'd rather fail early than fail late in general.
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Things always become obvious after the fact
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It is a sign of weakness to avoid showing signs of weakness.
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Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.
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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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People focus on role models it is more effective to find antimodels - people you don't want to resemble when you grow up
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They are born, put in a box they go home to live in a box they study by ticking boxes they go to what is called work in a box, where they sit in their cubicle box they drive to the grocery store in a box to buy food in a box they talk about thinking outside the box and when they die they are put in a box.
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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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Comfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
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Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
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What we need to do is break the financial community's grip on society.
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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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The fastest way to become rich is to socialize with the poor the fastest way to become poor is to socialize with the rich.
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