Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

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
Economy
Something
Engineered
Think
Artificially
Thinking
Volatility
Suppressing
Organic
Closer
Harm

More quotes by Nassim Nicholas Taleb

Image
The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
Nassim Nicholas Taleb
Image
A man without a heroic bent starts dying at the age of thirty.
Nassim Nicholas Taleb
Image
Modernity: we created youth without heroism, age without wisdom, and life without grandeur
Nassim Nicholas Taleb
Image
We should ban banks from risk-taking because society is going to pay the price.
Nassim Nicholas Taleb
Image
It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
Nassim Nicholas Taleb
Image
Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
Nassim Nicholas Taleb
Image
Comfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
Nassim Nicholas Taleb
Image
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
Image
You don't become completely free by just avoiding being a slave you also need to avoid becoming a master.
Nassim Nicholas Taleb
Image
The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
Nassim Nicholas Taleb
Image
You will be civilized on the day you can spend a long period doing nothing, learning nothing, and improving nothing, without feeling the slightest amount of guilt.
Nassim Nicholas Taleb
Image
If I could predict what my day would exactly look like, I would feel a little bit dead.
Nassim Nicholas Taleb
Image
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
Nassim Nicholas Taleb
Image
What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.
Nassim Nicholas Taleb
Image
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.
Nassim Nicholas Taleb
Image
I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.
Nassim Nicholas Taleb
Image
I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
Nassim Nicholas Taleb
Image
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
Image
The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up socializing with other people with big houses.
Nassim Nicholas Taleb
Image
Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
Nassim Nicholas Taleb