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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.

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
Always
Observes
Variance
Returns
Remind
Combination
Return
Best

More quotes by Nassim Nicholas Taleb

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If you don't feel that you haven't read enough, you haven't read enough.
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Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.
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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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If you're going to fail, you'd rather fail early than fail late in general.
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We should reward people, not ridicule them, for thinking the impossible.
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The same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.
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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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Greatness starts with the replacement of hatred with polite disdain.
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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 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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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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Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.
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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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Those who do not think that employment is systemic slavery are either blind or employed.
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Charm is the ability to insult people without offending them nerdiness the reverse
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Alan Greenspan is unskilled you don't take the unskilled seriously.
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Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
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Academia is to knowledge what prostitution is to love.
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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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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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