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I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Nassim Nicholas Najib Taleb
Nassim Taleb
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More quotes by Nassim Nicholas Taleb
An erudite is someone who displays less than he knows a journalist or consultant the opposite.
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The book is the only medium left that hasn't been corrupted by the profane.
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Only the autodidacts are free.
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Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
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Don't cross a river if it is four feet deep on average.
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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Injecting some confusion stabilizes the system.
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Heroes are heroes because they are heroic in behavior, not because they won or lost.
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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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The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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If you don't feel that you haven't read enough, you haven't read enough.
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We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?
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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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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
Nassim Nicholas Taleb
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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Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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Aesthetics, ethics, and many good things in humans are contagious.
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Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
Nassim Nicholas Taleb
