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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.
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
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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This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
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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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Those who do not think that employment is systemic slavery are either blind or employed.
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Success is becoming in middle adulthood what you dreamed to be in late childhood.
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If I could predict what my day would exactly look like, I would feel a little bit dead.
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The inability to predict outliers implies the inability to predict the course of history
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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.
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Most so-called writers keep writing and writing with the hope, some day, to find something to say.
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You want to be yourself, idiosyncratic the collective (school, rules, jobs, technology) wants you generic to the point of castration.
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Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
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A man without a heroic bent starts dying at the age of thirty.
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We favor the visible, the embedded, the personal, the narrated, and the tangible we scorn the abstract.
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Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
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Heroes are heroes because they are heroic in behavior, not because they won or lost.
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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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What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
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Things always become obvious after the fact
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If humans fight the last war, nature fights the next one.
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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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