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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.
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
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Nassim Nicholas Najib Taleb
Nassim Taleb
Anything
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Variability
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Fixing
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More quotes by Nassim Nicholas Taleb
The person you are most afraid to contradict is yourself.
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It does not matter how frequently something succeeds if failure is too costly to bear.
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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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You get pseudo-order when you seek order you only get a measure of order and control when you embrace randomness.
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We should ban banks from risk-taking because society is going to pay the price.
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Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.
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Prediction, not narration, is the real test of our understanding of the world.
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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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What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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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.
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Realism is punishing. Probabilistic skepticism is worse.
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Injecting some confusion stabilizes the system.
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They are born, put in a box they go home to live in a box they study by ticking boxes they go to what is called work in a box, where they sit in their cubicle box they drive to the grocery store in a box to buy food in a box they talk about thinking outside the box and when they die they are put in a box.
Nassim Nicholas Taleb
Wit seduces by signaling intelligence without nerdiness.
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Don't cross a river if it is four feet deep on average.
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Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.
Nassim Nicholas Taleb
Debt is a mistake between lender and borrower, and both should suffer.
Nassim Nicholas Taleb
It is often the mistakes of others that benefit the rest of us and, sadly, not them ... For the antifragile, harm from errors should be less than the benefits.
Nassim Nicholas Taleb
But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
Nassim Nicholas Taleb
