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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.

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
Government
Breaks
Wells
Nightmare
Well
Usual
Much
Bigger
Resumes
Time
System
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Break
Saves
Business
Scenarios
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Banks

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If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.
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Your reputation is harmed the most by what you say to defend it.
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Asking science to explain life and vital matters is equivalent to asking a grammarian to explain poetry.
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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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Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
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Modernity: we created youth without heroism, age without wisdom, and life without grandeur
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He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.
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Injecting some confusion stabilizes the system.
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He who has never sinned is less reliable than he who has only sinned once.
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Realism is punishing. Probabilistic skepticism is worse.
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Read books are far less valuable than unread ones.
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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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Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.
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A man without a heroic bent starts dying at the age of thirty.
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Don't disturb complicated systems that have been around for a very long time. We don't understand their logic. Don't pollute the planet. Leave it the way we found it, regardless of scientific 'evidence'.
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Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.
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Someone who says I am busy is either declaring incompetence (and lack of control of his life) or trying to get rid of you.
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A good maxim allows you to have the last word without even starting a conversation.
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Experience is devoid of the cherry-picking that we find in studies.
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I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill.
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