Nassim Nicholas Taleb Quotes - Page 12

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• Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.

  Nassim Nicholas Taleb

  Opportunity, Errors, Political

  Nassim Nicholas Taleb (2010). “The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility"”, p.149, Random House

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• But it remains the case that you know what is wrong with a lot more confidence than you know what is right.

  Nassim Nicholas Taleb

  Cases, Remains, Knows

  Nassim Nicholas Taleb (2010). “The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility"”, p.58, Random House

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• I'm a private intellectual, not a public one.

  Nassim Nicholas Taleb

  Intellectual

  "Nassim Taleb: my rules for life". Interview With Carole Cadwalladr, www.theguardian.com. November 24, 2012.

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• Switzerland is the perfect place where you have volatility at a municipal level that nothing up top - small units competing with each other.

  Nassim Nicholas Taleb

  Perfect, Switzerland, Levels

  Source: www.pbs.org

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• It is much harder to become independent if you are wealthy than to become wealthy if you are independent.

  Nassim Nicholas Taleb

  Independent, Wealthy, Harder

  FaceBook post by Nassim Nicholas Taleb from Jan 03, 2012

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• What kills me makes others stronger.

  Nassim Nicholas Taleb

  Stronger, Kill Me

  Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.100, Random House

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• Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile.

  Nassim Nicholas Taleb

  Government, Natural, Volatility

  Source: www.pbs.org

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• Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.

  Nassim Nicholas Taleb

  Wall, Wind, Dancing

  "'We still have the same disease'". Interview with Margaret Wente, www.theglobeandmail.com. September 13, 2009.

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• Further, in writing, I feel corrupt and unethical if I have to look up a subject in a library as part of the writing itself. This acts as a filter--it is the only filter. If the subject is not interesting enough for me to look it up independently, for my own curiosity or purposes, and I have not done so before, then I should not be writing about it at all, period. It does not mean that libraries (physical and virtual) are not acceptable; it means that they should not be the source of any idea.

  Nassim Nicholas Taleb

  Writing, Mean, Ideas

  Nassim Nicholas Taleb (2012). “Antifragile: Things That Gain from Disorder”, p.15, Random House

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• 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.

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• It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.

  Nassim Nicholas Taleb

  Ignorance, Knowledge, Together

  Nassim Nicholas Taleb (2010). “The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility"”, p.192, Random House

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• It's harder to say 'no' when you really mean it.

  Nassim Nicholas Taleb

  Mean, Harder, Really Mean

  "The Bed of Procrustes: Philosophical and Practical Aphorisms". Book by Nassim Nicholas Taleb, 2010.

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• I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.

  Nassim Nicholas Taleb

  Favour, Owners, Capitalist

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• Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.

  Nassim Nicholas Taleb

  Children, Hands, Deficit

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• We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.

  Nassim Nicholas Taleb

  Thinking, People, Entertainment

  "Taleb: Government Deficits Could Be the Next 'Black Swan'". Interview with Ben Steverman, www.bloomberg.com. July 26, 2010.

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• Randomness works well in search sometimes better than humans.

  Nassim Nicholas Taleb

  Sometimes, Randomness, Wells

  Nassim Nicholas Taleb (2012). “Antifragile: Things That Gain from Disorder”, p.103, Random House

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• 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

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• All of technology, really, is about maximizing free options.

  Nassim Nicholas Taleb

  Technology, Maximizing

  "Always expect the unexpected". Interview with James Surowiecki, www.wired.com. April 1, 2007.

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• I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis.

  Nassim Nicholas Taleb

  Reading, Thinking, Long

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• He who has never sinned is less reliable than he who has only sinned once.

  Nassim Nicholas Taleb

  Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.111, Random House

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• The payoff of a human venture is, in general, inversely proportional to what it is expected to be.

  Nassim Nicholas Taleb

  Venture, Payoff, Humans

  Nassim Nicholas Taleb (2010). “The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility"”, p.24, Random House

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• Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).

  Nassim Nicholas Taleb

  Anxiety, Citizens, Use

  "Ten Principles for a Black Swan-proof World". www.ft.com. April 07, 2009.

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• Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.

  Nassim Nicholas Taleb

  Matter, Imperfect, Foolish

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• Using, as an excuse, others' failure of common sense is in itself a failure of common sense.

  Nassim Nicholas Taleb

  Common Sense, Common, Excuse

  Nassim Nicholas Taleb (2010). “The Bed of Procrustes: Philosophical and Practical Aphorisms”, p.10, Random House

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• We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.

  Nassim Nicholas Taleb

  Tangible, Favors, Embedded

  Nassim Nicholas Taleb (2008). “Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets”, p.262, Random House

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