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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
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
Odds
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More quotes by Nassim Nicholas Taleb
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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Realism is punishing. Probabilistic skepticism is worse.
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Most people are sceptical about the wrong things and gullible about the wrong things.
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The world we live in is vastly different from the world we think we live in.
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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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Simplicity is not so simple to attain.
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It is remarkable how fast and how effectively you can construct a nationality with a flag , a few speeches, and a national anthem to this day I avoid the label Lebanese, preferring the less restrictive Levantine designation.
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You never win an argument until they attack your person.
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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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Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
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Experience is devoid of the cherry-picking that we find in studies.
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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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Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
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You will be civilized on the day you can spend a long period doing nothing, learning nothing, and improving nothing, without feeling the slightest amount of guilt.
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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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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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true humility is when you can surprise yourself more than others the rest is either shyness or good marketing
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
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The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
Nassim Nicholas Taleb
The grandchildren should not bear the debts of the grandparents.
Nassim Nicholas Taleb
