Nassim Nicholas Taleb Quotes About Risk

Quotes about: Risk

• Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition, militarism without fortitude, progress without civilization, complication without depth, fluency without content; these are the sins to remember.

  Nassim Nicholas Taleb

  Civilization, Risk, Progress

  FaceBook post by Nassim Nicholas Taleb from Aug 11, 2014

• A country's assets reside in the tinkerers, the hobbyists, and the risk-takers.

  Nassim Nicholas Taleb

  Country, Risk, Assets

  "Chaos Is Good for You". Interview with Linda Geddes, www.slate.com. December 2, 2012.

• 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!

  Nassim Nicholas Taleb

  Odds, Risk, Investing

• It was obvious that their profits were simply cash borrowed from destiny with some random payback time.

  Nassim Nicholas Taleb

  Destiny, Risk, Payback

  Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.831, Random House

• We should ban banks from risk-taking because society is going to pay the price.

  Nassim Nicholas Taleb

  Pay The Price, Risk, Bans

• This is the central illusion in life: that randomness is a risk, that it is a bad thing.

  Nassim Nicholas Taleb

  Risk, Illusion, Randomness

  "Antifragile: Things That Gain from Disorder". Book by Nassim Nicholas Taleb, 2012.

• Many people keep deploring the low level of formal education in the United states (as defined by, say, math grades). Yet these fail to realize that the new comes from here and gets imitated elsewhere. And it is not thanks to universities, which obviously claim a lot more credit than their accomplishments warrant. Like Britain in the Industrial Revolution, America's asset is, simply, risk taking and the use of optionality, this remarkable ability to engage in rational forms fo trial and error, with no comparative shame in failing again, starting again, and repeating failure.

  Nassim Nicholas Taleb

  Math, Errors, America

  Nassim Nicholas Taleb (2012). “Antifragile: Things That Gain from Disorder”, p.171, Random House

• I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.

  Nassim Nicholas Taleb

  Fall, Men, Gym Rats

  Nassim Nicholas Taleb (2012). “Antifragile: Things That Gain from Disorder”, p.245, Random House

• A system, artificially stabilized, and of course you have hidden risks under the surface, and you don't know where the risks are.

  Nassim Nicholas Taleb

  Risk, Surface, Courses

  Source: www.pbs.org

• Much of the research into humans' risk-avoidance machinery shows that it is antiquated and unfit for the modern world; it is made to counter repeatable attacks and learn from specifics. If someone narrowly escapes being eaten by a tiger in a certain cave, then he learns to avoid that cave.

  Nassim Nicholas Taleb

  Risk, Caves, Research

  "Learning to Expect the Unexpected" by Nassim Nicholas Taleb, www.edge.org. April 19, 2004.

• Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.

  Nassim Nicholas Taleb

  Real, Blow, Risk

  Source: www.pbs.org

• At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.

  Nassim Nicholas Taleb

  Risk, Exposure, No Point

  Nassim Nicholas Taleb (2012). “Antifragile: Things That Gain from Disorder”, p.6, Random House

• The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events "unlikely."

  Nassim Nicholas Taleb

  Government, Worry, Risk

  "The Black Swan: The Impact of the Highly Improbable". Book by Nassim Nicholas Taleb, April 17, 2007.

• Philosophers talk about truth and falsehood. People in life talk about payoff, exposure, and consequences (risks and rewards), hence fragility and antifragility. And sometimes philosophers and thinkers and those who study conflate Truth with risks and rewards.

  Nassim Nicholas Taleb

  People, Risk, Fragility

  Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.347, Random House

• In politics we face the choice between warmongering, nation-state loving, big-business agents on one hand; and risk-blind, top-down, epistemic arrogant big servants of large employers on the other. But we have a choice.

  Nassim Nicholas Taleb

  Top Down, Hands, Choices

  Nassim Nicholas Taleb (2010). “The Bed of Procrustes: Philosophical and Practical Aphorisms”, p.90, Random House

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