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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
Remind
Combination
Return
Best
Always
Observes
Variance
Returns

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I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
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A verbal threat is the most authentic certificate of impotence.
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The grandchildren should not bear the debts of the grandparents.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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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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Experience is devoid of the cherry-picking that we find in studies.
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Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
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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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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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I suppose that the main benefit of being rich (over just being independent) is to be able to despise rich people (a good concentration of whom you find in glitzy ski resorts) without any sour grapes. It is even sweeter when these farts don't know that you are richer than they are.
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Never trust a journalist unless she's your mother.
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Modernity widened the distance between the sensational and the relevant.
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Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
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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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Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.
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Things always become obvious after the fact
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Alan Greenspan is unskilled you don't take the unskilled seriously.
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Every social association that is not face-to-face is injurious to your health.
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If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
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The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
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