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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
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
Often
Benefit
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More quotes by Nassim Nicholas Taleb
To bankrupt a fool, give him information.
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Most so-called writers keep writing and writing with the hope, some day, to find something to say.
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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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I want them poor and they deserve to be poor. You can't have capitalism without punishment.
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We should reward people, not ridicule them, for thinking the impossible.
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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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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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Your reputation is harmed the most by what you say to defend it.
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Most people are sceptical about the wrong things and gullible about the wrong things.
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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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Daily news and sugar confuse our system in the same manner.
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If you're going to fail, you'd rather fail early than fail late in general.
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Anything organic requires some dose of variability so it can adapt all the time, and fixing things is not a good idea.
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The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
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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 fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
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The grandchildren should not bear the debts of the grandparents.
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It's not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.
Nassim Nicholas Taleb
The person you are most afraid to contradict is yourself.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
