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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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There are systems that use failure as fuel for improvement, where the cost of failure is small.
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It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
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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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Philosophers talk about truth and falsehood. People in life talk about payoff, exposure, and consequences (risks and rewards), hence fragility and antifragility. And sometimes philosophers and thinkers and those who study conflate Truth with risks and rewards.
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Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
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If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.
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Aesthetics, ethics, and many good things in humans are contagious.
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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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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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We should reward people, not ridicule them, for thinking the impossible.
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A man without a heroic bent starts dying at the age of thirty.
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My best definition of a nerd: someone who asks you to explain an aphorism
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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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Paul Krugman is a danger to society!
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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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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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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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Go to parties. You can't even start to know what you may find on the envelope of serendipity. If you suffer from agoraphobia, send colleagues.
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Those who do not think that employment is systemic slavery are either blind or employed.
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