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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
Author
Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
Writer
Nassim Nicholas Najib Taleb
Nassim Taleb
Failing
Late
Rather
Going
Fail
General
Early

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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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Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
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The difference between slaves in Roman and Ottoman days and today's employees is that slaves did not need to flatter their boss.
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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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A washing machine needs constant maintenance. It doesn't want any harm. It wants tranquility, and you need someone to - you're not going to harm it by continuously monitoring it and adjusting it.
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Probability is not a mere computation of odds on the dice or more complicated variants it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.
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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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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
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I suppose that the main benefit of being rich (over just being independent) is to be able to despise rich people (a good concentration of whom you find in glitzy ski resorts) without any sour grapes. It is even sweeter when these farts don't know that you are richer than they are.
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Aesthetics, ethics, and many good things in humans are contagious.
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I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive people in Washington.
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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
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To bankrupt a fool, give him information.
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We favor the visible, the embedded, the personal, the narrated, and the tangible we scorn the abstract.
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You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
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A man without a heroic bent starts dying at the age of thirty.
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It is a sign of weakness to avoid showing signs of weakness.
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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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