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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.

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
Banks
Finance
Private
Absolutely
Exist
Holder
Business
Downside
Reason
Upside
Equity

More quotes by Nassim Nicholas Taleb

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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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I want them poor and they deserve to be poor. You can't have capitalism without punishment.
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You want to favor systems that benefit from error, disorder, variability and things like that. You want to favor these systems and unfortunately, when - there's something I call the Soviet Illusion. The more the government becomes intrusive, the more things have to follow a script, and it can't handle this kind of system.
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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
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When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.
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It is also naïve empiricism to provide, in support of some argument, series of eloquent confirmatory quotes by dead authorities. By searching, you can always find someone who made a well-sounding statement that confirms your point of view and, on every topic, it is possible to find another dead thinker who said the exact opposite.
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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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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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Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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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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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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A washing machine needs constant maintenance. It doesn't want any harm. It wants tranquility, and you need someone to - you're not going to harm it by continuously monitoring it and adjusting it.
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Most so-called writers keep writing and writing with the hope, some day, to find something to say.
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A verbal threat is the most authentic certificate of impotence.
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Charm is the ability to insult people without offending them nerdiness the reverse
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A man without a heroic bent starts dying at the age of thirty.
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Daily news and sugar confuse our system in the same manner.
Nassim Nicholas Taleb
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If you don't feel that you haven't read enough, you haven't read enough.
Nassim Nicholas Taleb
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A prophet is not someone with special visions, just someone blind to most of what others see
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When you beat up someone physically, you get excercise and stress relief when you assault him verbally on the Internet, you just harm yourself.
Nassim Nicholas Taleb