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Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
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
Lack
Busy
Says
Control
Either
Someone
Trying
Declaring
Life
Incompetence
More quotes by Nassim Nicholas Taleb
Injecting some confusion stabilizes the system.
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Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
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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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Don't cross a river if it is four feet deep on average.
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If you're going to fail, you'd rather fail early than fail late in general.
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It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.
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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
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Things always become obvious after the fact
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There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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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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The twentieth century was the bankruptcy of the social utopia the twenty-first will be that of the technological one.
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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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Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.
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You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
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Never take advice from someone wearing a tie.
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If you are in banking and lending, surprise outcomes are likely to be negative for you.
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Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.
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Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
Nassim Nicholas Taleb
