Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
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
Share
Change background
T
T
T
Change font
Original
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
Well
Usual
Much
Bigger
Resumes
Time
System
Scenario
Break
Saves
Business
Scenarios
Next
Banks
Government
Breaks
Wells
Nightmare
More quotes by Nassim Nicholas Taleb
When I trade, I don't have an agency problem I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
Nassim Nicholas Taleb
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.
Nassim Nicholas Taleb
Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
Nassim Nicholas Taleb
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
I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
Nassim Nicholas Taleb
It's not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.
Nassim Nicholas Taleb
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
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
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
You want to be yourself, idiosyncratic the collective (school, rules, jobs, technology) wants you generic to the point of castration.
Nassim Nicholas Taleb
Don't ask the barber whether you need a haircut, and don't ask an academic if what he does is relevant.
Nassim Nicholas Taleb
You want to favor systems that benefit from error, disorder, variability and things like that. You want to favor these systems and unfortunately, when - there's something I call the Soviet Illusion. The more the government becomes intrusive, the more things have to follow a script, and it can't handle this kind of system.
Nassim Nicholas Taleb
You get pseudo-order when you seek order you only get a measure of order and control when you embrace randomness.
Nassim Nicholas Taleb
The best way to measure the loss of intellectual sophistication - this nerdification, to put it bluntly - is in the growing disappearance of sarcasm, as mechanic minds take insults a bit too literally.
Nassim Nicholas Taleb
Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.
Nassim Nicholas Taleb
The more data we have, the more likely we are to drown in it.
Nassim Nicholas Taleb
What fools call wasting time is most often the best investment.
Nassim Nicholas Taleb
Poverty is clearly one source of emotional suffering, but there are others, like loneliness.
Nassim Nicholas Taleb
The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.
Nassim Nicholas Taleb
We favor the visible, the embedded, the personal, the narrated, and the tangible we scorn the abstract.
Nassim Nicholas Taleb
