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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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Economist
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Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.
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Only the autodidacts are free.
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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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Aesthetics, ethics, and many good things in humans are contagious.
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I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.
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If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.
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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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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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Never trust a journalist unless she's your mother.
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It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
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He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
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The fastest way to become rich is to socialize with the poor the fastest way to become poor is to socialize with the rich.
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The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
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Read books are far less valuable than unread ones.
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Please, don’t drive a school bus blindfolded.
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Economics make homeopath and alternative healers look empirical and scientific.
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If you're going to fail, you'd rather fail early than fail late in general.
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