In this post, you will find great Nassim Nicholas Taleb Quotes. You can learn and implement many lessons from these quotes.
I’ve been telling anyone willing to listen that banks have a tendency to sit on time bombs while convincing themselves that they are conservative and nonvolatile.
Never think that lack of variability is stability. Don’t confuse lack of volatility with stability, ever.
What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
Economics make homeopath and alternative healers look empirical and scientific.
I’m a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.
I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I’ve no idea what’s going on. I’m disconnected. I’m totally disengaged.
The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.
You know, children philosophize more than adults – and they are critical of adults.
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we’re building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
Inequalities of wealth lead to a dispersion in wealth for all.
In social policy, when we provide a safety net, it should be designed to help people take more entrepreneurial risks, not to turn them into dependents. This doesn’t mean that we should be callous to the underprivileged.
We are victims of the post-Enlightenment view that the world functions like a sophisticated machine, to be understood like a textbook engineering problem and run by wonks. In other words, like a home appliance, not like the human body.
I am happy everywhere except in places where I see glitz and rich farts. I am happiest in Brooklyn, where the concentration of rich farts is minimal.
People employed in financial institutions are rarely interesting and even more rarely likable.