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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
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
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Association
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Social
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More quotes by Nassim Nicholas Taleb
Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
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The person you are most afraid to contradict is yourself.
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If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.
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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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Realism is punishing. Probabilistic skepticism is worse.
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We glorify those who left their names in history books at the expense of those contributors about whom our books are silent. We humans are not just a superficial race - we are a very unfair one.
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If humans fight the last war, nature fights the next one.
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If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.
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The world we live in is vastly different from the world we think we live in.
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If you're going to fail, you'd rather fail early than fail late in general.
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Things always become obvious after the fact
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Debt is a mistake between lender and borrower, and both should suffer.
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The characteristic feature of the loser is to bemoan, in general terms, mankind's flaws, biases, contradictions, and irrationality - without exploiting them for fun and profit
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Stoicism is about the *domestication* of emotions, not their elimination.
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Wit seduces by signaling intelligence without nerdiness.
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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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An erudite is someone who displays less than he knows a journalist or consultant the opposite.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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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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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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