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The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.

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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Profits
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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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Stoicism is about the *domestication* of emotions, not their elimination.
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Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
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Things always become obvious after the fact
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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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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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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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To bankrupt a fool, give him information.
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You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
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It's not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.
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Only in recent history has working hard signaled pride rather than shame for lack of talent, finesse and, mostly, sprezzatura .
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Don't cross a river if it is four feet deep on average.
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The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
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Please, don’t drive a school bus blindfolded.
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Experience is devoid of the cherry-picking that we find in studies.
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