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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
Randomness
Intrinsic
Incomplete
Property
Theory
Information
Practice

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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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We should reward people, not ridicule them, for thinking the impossible.
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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 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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A good maxim allows you to have the last word without even starting a conversation.
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The fastest way to become rich is to socialize with the poor the fastest way to become poor is to socialize with the rich.
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Things always become obvious after the fact
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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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Anything organic requires some dose of variability so it can adapt all the time, and fixing things is not a good idea.
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Don't disturb complicated systems that have been around for a very long time. We don't understand their logic. Don't pollute the planet. Leave it the way we found it, regardless of scientific 'evidence'.
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When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
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He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
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Stoicism is about the *domestication* of emotions, not their elimination.
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Debt is a mistake between lender and borrower, and both should suffer.
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You want to be yourself, idiosyncratic the collective (school, rules, jobs, technology) wants you generic to the point of castration.
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You have a real life if and only if you do not compete with anyone in any of your pursuits.
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Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.
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Umberto Eco is the owner of a large personal library of almost 30,000 books that he has not read. [To him] read books are far less valuable than unread ones.
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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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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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