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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.

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
Intrinsic
Incomplete
Property
Theory
Information
Practice
Randomness

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Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
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There are secrets to our world that only practice can reveal, and no opinion or analysis will ever capture in full.
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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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The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
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Read books are far less valuable than unread ones.
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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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Wit seduces by signaling intelligence without nerdiness.
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Debt is a mistake between lender and borrower, and both should suffer.
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You will be civilized on the day you can spend a long period doing nothing, learning nothing, and improving nothing, without feeling the slightest amount of guilt.
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Heroes are heroes because they are heroic in behavior, not because they won or lost.
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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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Charm is the ability to insult people without offending them nerdiness the reverse
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A verbal threat is the most authentic certificate of impotence.
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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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If you don't feel that you haven't read enough, you haven't read enough.
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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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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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Don't read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants... or (again) parties.
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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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Every social association that is not face-to-face is injurious to your health.
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