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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.

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
Way
Socialize
Fastest
Rich
Poor
Become

More quotes by Nassim Nicholas Taleb

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The person you are most afraid to contradict is yourself.
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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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You get pseudo-order when you seek order you only get a measure of order and control when you embrace randomness.
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I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus.
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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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If you don't feel that you haven't read enough, you haven't read enough.
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If you're going to fail, you'd rather fail early than fail late in general.
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Maximum of an average is necessarily less volatile than the average maximum
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The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
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Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.
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Things always become obvious after the fact
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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A prophet is not someone with special visions, just someone blind to most of what others see
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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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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.
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Experience is devoid of the cherry-picking that we find in studies.
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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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We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
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Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
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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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