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He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
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
Errors
Though
Less
Someone
Made
Sinned
Never
Reliable
Error
Plenty
More quotes by Nassim Nicholas Taleb
It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.
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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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Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
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Wit seduces by signaling intelligence without nerdiness.
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Economics make homeopath and alternative healers look empirical and scientific.
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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To bankrupt a fool, give him information.
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Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
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Ideas come and go, stories stay.
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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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Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.
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The fool generalizes the particular the nerd particularizes the general some do both and the wise does neither
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My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.
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Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
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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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Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
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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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The more data we have, the more likely we are to drown 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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It does not matter how frequently something succeeds if failure is too costly to bear.
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