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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
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
Trap
Traps
Reverse
Focus
Rather
Others
Sucker
More quotes by Nassim Nicholas Taleb
Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
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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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Only in recent history has working hard signaled pride rather than shame for lack of talent, finesse and, mostly, sprezzatura .
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Prediction, not narration, is the real test of our understanding of the world.
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To succeed in life requires a total inability to do anything that makes you uncomfortable when you look at yourself in the mirror.
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Experience is devoid of the cherry-picking that we find in studies.
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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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Daily news and sugar confuse our system in the same manner.
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If humans fight the last war, nature fights the next one.
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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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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
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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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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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It is a sign of weakness to avoid showing signs of weakness.
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Every social association that is not face-to-face is injurious to your health.
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You never win an argument until they attack your person.
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Please, don’t drive a school bus blindfolded.
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You want to favor systems that benefit from error, disorder, variability and things like that. You want to favor these systems and unfortunately, when - there's something I call the Soviet Illusion. The more the government becomes intrusive, the more things have to follow a script, and it can't handle this kind of system.
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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'.
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Most people are sceptical about the wrong things and gullible about the wrong things.
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