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The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
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Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
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It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.
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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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Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
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Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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When you beat up someone physically, you get excercise and stress relief when you assault him verbally on the Internet, you just harm yourself.
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What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
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Economics make homeopath and alternative healers look empirical and scientific.
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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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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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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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Injecting some confusion stabilizes the system.
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Read books are far less valuable than unread ones.
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The book is the only medium left that hasn't been corrupted by the profane.
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Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.
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Charm is the ability to insult people without offending them nerdiness the reverse
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The person you are most afraid to contradict is yourself.
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Debt is a mistake between lender and borrower, and both should suffer.
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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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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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