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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.
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
Doesn
Maintenance
Someone
Washing
Tranquility
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Machine
Needs
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Machines
Monitoring
Constant
Adjusting
Wants
Continuously
More quotes by Nassim Nicholas Taleb
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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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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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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Only in recent history has working hard signaled pride rather than shame for lack of talent, finesse and, mostly, sprezzatura .
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Read books are far less valuable than unread ones.
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He who has never sinned is less reliable than he who has only sinned once.
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It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.
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Never take advice from someone wearing a tie.
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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.
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What fools call wasting time is most often the best investment.
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Doctors most commonly get mixed up between absence of evidence and evidence of abense
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You want to be yourself, idiosyncratic the collective (school, rules, jobs, technology) wants you generic to the point of castration.
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People focus on role models it is more effective to find antimodels - people you don't want to resemble when you grow up
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It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.
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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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Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
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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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Luck is the grand equalizer.
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Wit seduces by signaling intelligence without nerdiness.
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There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
Nassim Nicholas Taleb
