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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
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Nassim Nicholas Najib Taleb
Nassim Taleb
Misunderstanding
Aging
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Comfort
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Much
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Realism is punishing. Probabilistic skepticism is worse.
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People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.
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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.
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Being an economist is the least ethical profession, closer to charlatanism than any science.
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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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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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There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
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History is opaque. You see what comes out, not the script that produces events, [...] The generator of historical events is different from the events themselves, much as the minds of the gods cannot be read just by witnessing their deeds.
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But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.
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Injecting some confusion stabilizes the system.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
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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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By setting oneself totally free of constraints, free of thoughts, free of this debilitating activity called work, free of efforts, elements hidden in the texture of reality start staring at you then mysteries that you never thought existed emerge in front of your eyes.
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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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Maximum of an average is necessarily less volatile than the average maximum
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Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
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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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When you beat up someone physically, you get excercise and stress relief when you assault him verbally on the Internet, you just harm yourself.
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The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
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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.
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