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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.
Nassim Nicholas Taleb
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
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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
Academia is to knowledge what prostitution is to love.
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Those who do not think that employment is systemic slavery are either blind or employed.
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There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
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The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
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Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
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Paul Krugman is a danger to society!
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If my detractors knew me better they would hate me even more.
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Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
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If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
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I hated school because I liked to daydream and the system tried to stop me from that.
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Greatness starts with the replacement of hatred with polite disdain.
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Daily news and sugar confuse our system in the same manner.
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What we need to do is break the financial community's grip on society.
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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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Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
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Only the autodidacts are free.
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A mistake is not something to be determined after the fact, but in the light of the information until that point.
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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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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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Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general.
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