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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
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Nassim Nicholas Najib Taleb
Nassim Taleb
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More quotes by Nassim Nicholas Taleb
When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.
Nassim Nicholas Taleb
It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.
Nassim Nicholas Taleb
Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
Nassim Nicholas Taleb
Don't disturb complicated systems that have been around for a very long time. We don't understand their logic. Don't pollute the planet. Leave it the way we found it, regardless of scientific 'evidence'.
Nassim Nicholas Taleb
Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.
Nassim Nicholas Taleb
Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
Nassim Nicholas Taleb
The rationalist imagines an imbecile-free society the empiricist and imbecile-proof one, or even better, a rationalist-proof one.
Nassim Nicholas Taleb
Never take advice from someone wearing a tie.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
If I could predict what my day would exactly look like, I would feel a little bit dead.
Nassim Nicholas Taleb
This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
Nassim Nicholas Taleb
You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
Nassim Nicholas Taleb
There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
Nassim Nicholas Taleb
The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
Nassim Nicholas Taleb
You will be civilized on the day you can spend a long period doing nothing, learning nothing, and improving nothing, without feeling the slightest amount of guilt.
Nassim Nicholas Taleb
There are systems that use failure as fuel for improvement, where the cost of failure is small.
Nassim Nicholas Taleb
Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
Nassim Nicholas Taleb
A mistake is not something to be determined after the fact, but in the light of the information until that point.
Nassim Nicholas Taleb
Ideas come and go, stories stay.
Nassim Nicholas Taleb
I want them poor and they deserve to be poor. You can't have capitalism without punishment.
Nassim Nicholas Taleb
