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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
Information
Belief
Rather
Give
Artificially
Everything
Prop
Giving
Props
Markets
General

More quotes by Nassim Nicholas Taleb

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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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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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It's harder to say 'no' when you really mean it.
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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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Anything organic requires some dose of variability so it can adapt all the time, and fixing things is not a good idea.
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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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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.
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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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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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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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An option hides where we don't want it to hide.
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The book is the only medium left that hasn't been corrupted by the profane.
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Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.
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Don't read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants... or (again) parties.
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Every social association that is not face-to-face is injurious to your health.
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The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference
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Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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Dress your best on your execution day. Be extremely courteous to your assistant when you lose money. Try not to blame others for your fate, even if they deserve blame. Never exhibit any self-pity. Do not complain.
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Umberto Eco is the owner of a large personal library of almost 30,000 books that he has not read. [To him] read books are far less valuable than unread ones.
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We should ban banks from risk-taking because society is going to pay the price.
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