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The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
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
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Nassim Nicholas Najib Taleb
Nassim Taleb
Slave
Ottoman
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Boss
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But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.
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The more data we have, the more likely we are to drown in it.
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It is remarkable how fast and how effectively you can construct a nationality with a flag , a few speeches, and a national anthem to this day I avoid the label Lebanese, preferring the less restrictive Levantine designation.
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Modernity widened the distance between the sensational and the relevant.
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Prediction, not narration, is the real test of our understanding of the world.
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Heroes are heroes because they are heroic in behavior, not because they won or lost.
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Never trust a journalist unless she's your mother.
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I'm in favour of religion as a tamer of arrogance. For a Greek Orthodox, the idea of God as creator outside the human is not God in God's terms. My God isn't the God of George Bush.
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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
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Charm is the ability to insult people without offending them nerdiness the reverse
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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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Experience is devoid of the cherry-picking that we find in studies.
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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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There are systems that use failure as fuel for improvement, where the cost of failure is small.
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The person you are most afraid to contradict is yourself.
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Comfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
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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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true humility is when you can surprise yourself more than others the rest is either shyness or good marketing
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Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
Nassim Nicholas Taleb
