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People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.
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
Ordinary
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Weekdays
Attire
Used
Exact
Today
Formal
People
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Sunday
Wear
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If you're going to fail, you'd rather fail early than fail late in general.
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My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.
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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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The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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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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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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The twentieth century was the bankruptcy of the social utopia the twenty-first will be that of the technological one.
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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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People focus on role models it is more effective to find antimodels - people you don't want to resemble when you grow up
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Luck is the grand equalizer.
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If I could predict what my day would exactly look like, I would feel a little bit dead.
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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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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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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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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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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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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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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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