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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
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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
Suppressing
Organic
Closer
Harm
Economy
Something
Engineered
Think
Artificially
Thinking
Volatility
More quotes by Nassim Nicholas Taleb
Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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To succeed in life requires a total inability to do anything that makes you uncomfortable when you look at yourself in the mirror.
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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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Ideas come and go, stories stay.
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Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
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I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.
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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.
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If I could predict what my day would exactly look like, I would feel a little bit dead.
Nassim Nicholas Taleb
The grandchildren should not bear the debts of the grandparents.
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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.
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The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
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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.
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Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
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We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
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Luck is the grand equalizer.
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When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.
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
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Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.
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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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Greatness starts with the replacement of hatred with polite disdain.
Nassim Nicholas Taleb
