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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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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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Injecting some confusion stabilizes the system.
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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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Love without sacrifice is like theft
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Economics make homeopath and alternative healers look empirical and scientific.
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I hated school because I liked to daydream and the system tried to stop me from that.
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Don't cross a river if it is four feet deep on average.
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Never take advice from someone wearing a tie.
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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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He who has never sinned is less reliable than he who has only sinned once.
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The book is the only medium left that hasn't been corrupted by the profane.
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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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Debt is a mistake between lender and borrower, and both should suffer.
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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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I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.
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The grandchildren should not bear the debts of the grandparents.
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Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
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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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A competitive athlete is painful to look at trying hard to become an animal rather than a man, he will never be as fast as a cheetah or as strong as an ox.
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