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What fools call wasting time is most often the best investment.
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
Often
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Time
Wasting
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Investment
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You never win an argument until they attack your person.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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The world we live in is vastly different from the world we think we live in.
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Another definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.
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Love without sacrifice is like theft
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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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Academia is to knowledge what prostitution is to love.
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We favor the visible, the embedded, the personal, the narrated, and the tangible we scorn the abstract.
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Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.
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The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
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When I trade, I don't have an agency problem I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
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He who has never sinned is less reliable than he who has only sinned once.
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Dress your best on your execution day. Be extremely courteous to your assistant when you lose money. Try not to blame others for your fate, even if they deserve blame. Never exhibit any self-pity. Do not complain.
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But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
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By setting oneself totally free of constraints, free of thoughts, free of this debilitating activity called work, free of efforts, elements hidden in the texture of reality start staring at you then mysteries that you never thought existed emerge in front of your eyes.
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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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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
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The person you are most afraid to contradict is yourself.
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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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