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The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.

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
Upside
Bankers
Expense
Expenses
System
Others
Someone
Bonus

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He who has never sinned is less reliable than he who has only sinned once.
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I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
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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.
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Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.
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You never win an argument until they attack your person.
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When you beat up someone physically, you get excercise and stress relief when you assault him verbally on the Internet, you just harm yourself.
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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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Daily news and sugar confuse our system in the same manner.
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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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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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Someone bemoaned that there were so few women in economics. But there are also very few men in economics.
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If I could predict what my day would exactly look like, I would feel a little bit dead.
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We glorify those who left their names in history books at the expense of those contributors about whom our books are silent. We humans are not just a superficial race - we are a very unfair one.
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Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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Go to parties. You can't even start to know what you may find on the envelope of serendipity. If you suffer from agoraphobia, send colleagues.
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The twentieth century was the bankruptcy of the social utopia the twenty-first will be that of the technological one.
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The sucker's trap is when you focus on what you know and what others don't know, rather than the reverse.
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There are secrets to our world that only practice can reveal, and no opinion or analysis will ever capture in full.
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We should reward people, not ridicule them, for thinking the impossible.
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