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There are systems that use failure as fuel for improvement, where the cost of failure is small.

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
Systems
Improvement
Failure
Cost
Small
Use
Fuel

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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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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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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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They think that intelligence is about noticing things are relevant (detecting patterns) in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)
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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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It is a sign of weakness to avoid showing signs of weakness.
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He who has never sinned is less reliable than he who has only sinned once.
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The characteristic feature of the loser is to bemoan, in general terms, mankind's flaws, biases, contradictions, and irrationality - without exploiting them for fun and profit
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An option hides where we don't want it to hide.
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Most people are sceptical about the wrong things and gullible about the wrong things.
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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.
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true humility is when you can surprise yourself more than others the rest is either shyness or good marketing
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Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.
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Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
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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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Older people are most beautiful when they have what is lacking in the young: poise, erudition, wisdom, phronesis, and this post-heroic absence of agitation.
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Charm is the ability to insult people without offending them nerdiness the reverse
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Every social association that is not face-to-face is injurious to your health.
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Never trust a journalist unless she's your mother.
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Another definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.
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