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Much of aging comes from a misunderstanding of the effect of comfort.
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
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
Misunderstanding
Aging
Effect
Comfort
Effects
Comes
Much
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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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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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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.
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Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.
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Academia is to knowledge what prostitution is to love.
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It was obvious that their profits were simply cash borrowed from destiny with some random payback time.
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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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The world we live in is vastly different from the world we think we live in.
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When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.
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