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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
Traps
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Others
Sucker
Trap
More quotes by Nassim Nicholas Taleb
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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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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I hated school because I liked to daydream and the system tried to stop me from that.
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Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.
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Greatness starts with the replacement of hatred with polite disdain.
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Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.
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Comfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
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Wit seduces by signaling intelligence without nerdiness.
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Don't ask the barber whether you need a haircut, and don't ask an academic if what he does is relevant.
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Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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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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The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
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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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Older people are most beautiful when they have what is lacking in the young: poise, erudition, wisdom, phronesis, and this post-heroic absence of agitation.
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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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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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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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As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.
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The world we live in is vastly different from the world we think we live in.
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