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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.
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
Rather
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Artificially
Everything
Prop
Giving
Props
Markets
General
Information
Belief
More quotes by Nassim Nicholas Taleb
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
There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
Nassim Nicholas Taleb
Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
Nassim Nicholas Taleb
Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.
Nassim Nicholas Taleb
It does not matter how frequently something succeeds if failure is too costly to bear.
Nassim Nicholas Taleb
Never ask a trader if he is profitable: you can easily see it in his gesture and gait.
Nassim Nicholas Taleb
Older people are most beautiful when they have what is lacking in the young: poise, erudition, wisdom, phronesis, and this post-heroic absence of agitation.
Nassim Nicholas Taleb
An option hides where we don't want it to hide.
Nassim Nicholas Taleb
This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.
Nassim Nicholas Taleb
The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
Nassim Nicholas Taleb
Economics make homeopath and alternative healers look empirical and scientific.
Nassim Nicholas Taleb
Much of aging comes from a misunderstanding of the effect of comfort.
Nassim Nicholas Taleb
There are systems that use failure as fuel for improvement, where the cost of failure is small.
Nassim Nicholas Taleb
When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
Nassim Nicholas Taleb
Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
Nassim Nicholas Taleb
