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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.
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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More quotes by Nassim Nicholas Taleb
The book is the only medium left that hasn't been corrupted by the profane.
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We glorify those who left their names in history books at the expense of those contributors about whom our books are silent. We humans are not just a superficial race - we are a very unfair one.
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true humility is when you can surprise yourself more than others the rest is either shyness or good marketing
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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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Never trust a journalist unless she's your mother.
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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 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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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
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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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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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Stoicism is about the *domestication* of emotions, not their elimination.
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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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We should reward people, not ridicule them, for thinking the impossible.
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It is also naïve empiricism to provide, in support of some argument, series of eloquent confirmatory quotes by dead authorities. By searching, you can always find someone who made a well-sounding statement that confirms your point of view and, on every topic, it is possible to find another dead thinker who said the exact opposite.
Nassim Nicholas Taleb
Dress your best on your execution day. Be extremely courteous to your assistant when you lose money. Try not to blame others for your fate, even if they deserve blame. Never exhibit any self-pity. Do not complain.
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We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
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Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.
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What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
Nassim Nicholas Taleb
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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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.
Nassim Nicholas Taleb
