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It is often the mistakes of others that benefit the rest of us and, sadly, not them ... For the antifragile, harm from errors should be less than the benefits.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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Others
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More quotes by Nassim Nicholas Taleb
An option hides where we don't want it to hide.
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I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.
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Only the autodidacts are free.
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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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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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Your reputation is harmed the most by what you say to defend it.
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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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Please, don’t drive a school bus blindfolded.
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A prophet is not someone with special visions, just someone blind to most of what others see
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Economics make homeopath and alternative healers look empirical and scientific.
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You want to be yourself, idiosyncratic the collective (school, rules, jobs, technology) wants you generic to the point of castration.
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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.
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Every social association that is not face-to-face is injurious to your health.
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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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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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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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It's harder to say 'no' when you really mean it.
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If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
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Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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