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I want them poor and they deserve to be poor. You can't have capitalism without punishment.

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
Capitalism
Deserve
Poor
Business
Without
Finance
Punishment

More quotes by Nassim Nicholas Taleb

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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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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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If my detractors knew me better they would hate me even more.
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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
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Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general.
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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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Heroes are heroes because they are heroic in behavior, not because they won or lost.
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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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If I could predict what my day would exactly look like, I would feel a little bit dead.
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He who has never sinned is less reliable than he who has only sinned once.
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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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There are systems that use failure as fuel for improvement, where the cost of failure is small.
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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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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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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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Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
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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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I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus.
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There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
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I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.
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