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If you're going to fail, you'd rather fail early than fail late in general.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
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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
They think that intelligence is about noticing things are relevant (detecting patterns) in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)
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
You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
Nassim Nicholas Taleb
Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
Nassim Nicholas Taleb
People focus on role models it is more effective to find antimodels - people you don't want to resemble when you grow up
Nassim Nicholas Taleb
There are secrets to our world that only practice can reveal, and no opinion or analysis will ever capture in full.
Nassim Nicholas Taleb
Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
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.
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To bankrupt a fool, give him information.
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I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
Nassim Nicholas Taleb
Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.
Nassim Nicholas Taleb
I want them poor and they deserve to be poor. You can't have capitalism without punishment.
Nassim Nicholas Taleb
You get pseudo-order when you seek order you only get a measure of order and control when you embrace randomness.
Nassim Nicholas Taleb
Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
Nassim Nicholas Taleb
I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.
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
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.
Nassim Nicholas Taleb
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
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
