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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
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Nassim Nicholas Taleb
Age: 64
Born: 1960
Born: September 11
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Economist
Essayist
Mathematician
Philosopher
Statistician
University Teacher
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Nassim Nicholas Najib Taleb
Nassim Taleb
Learning
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More quotes by Nassim Nicholas Taleb
Your reputation is harmed the most by what you say to defend it.
Nassim Nicholas Taleb
If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
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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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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.
Nassim Nicholas Taleb
A competitive athlete is painful to look at trying hard to become an animal rather than a man, he will never be as fast as a cheetah or as strong as an ox.
Nassim Nicholas Taleb
But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.
Nassim Nicholas Taleb
Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
Nassim Nicholas Taleb
Probability is not a mere computation of odds on the dice or more complicated variants it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.
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
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.
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
People focus on role models it is more effective to find antimodels - people you don't want to resemble when you grow up
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
An option hides where we don't want it to hide.
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
Luck is the grand equalizer.
Nassim Nicholas Taleb
It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.
Nassim Nicholas Taleb
It is also naïve empiricism to provide, in support of some argument, series of eloquent confirmatory quotes by dead authorities. By searching, you can always find someone who made a well-sounding statement that confirms your point of view and, on every topic, it is possible to find another dead thinker who said the exact opposite.
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What fools call wasting time is most often the best investment.
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The traits I respect are erudition and the courage to stand up when half-men are afraid for their reputation. Any idiot can be intelligent.
Nassim Nicholas Taleb