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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
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Making
Forecasting
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Bureaucrats
Adequate
Tends
Relief
Anxiety
Policy
More quotes by Nassim Nicholas Taleb
The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
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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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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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Paul Krugman is a danger to society!
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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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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
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I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
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The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
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You have a real life if and only if you do not compete with anyone in any of your pursuits.
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Only the autodidacts are free.
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It is often the mistakes of others that benefit the rest of us and, sadly, not them ... For the antifragile, harm from errors should be less than the benefits.
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Every social association that is not face-to-face is injurious to your health.
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Experience is devoid of the cherry-picking that we find in studies.
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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference
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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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It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.
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When I trade, I don't have an agency problem I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
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Much of aging comes from a misunderstanding of the effect of comfort.
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