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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
Reason
Upside
Equity
Banks
Finance
Private
Absolutely
Exist
Holder
Business
Downside

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When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.
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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.
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It is a sign of weakness to avoid showing signs of weakness.
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Love without sacrifice is like theft
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Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
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You never win an argument until they attack your person.
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Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
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Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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It was obvious that their profits were simply cash borrowed from destiny with some random payback time.
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The book is the only medium left that hasn't been corrupted by the profane.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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Greatness starts with the replacement of hatred with polite disdain.
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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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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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The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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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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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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