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Nassim Nicholas Taleb


Lebanese
1960
Scientist
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Paul Krugman is a danger to society!


Nassim Nicholas Taleb
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Bailing out every bank that fails makes the system riskier, not safer.


Nassim Nicholas Taleb
Tags: Out Every Makes
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You know, children philosophize more than adults - and they are critical of adults.


Nassim Nicholas Taleb
Tags: You More Know
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People employed in financial institutions are rarely interesting and even more rarely likable.


Nassim Nicholas Taleb
Tags: People More Even
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You are rich if and only if money you refuse tastes better than money you accept.


Nassim Nicholas Taleb
Tags: Money You Than
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I hated school because I liked to daydream and the system tried to stop me from that.


Nassim Nicholas Taleb
Tags: Me Because School
I don't go to the doctor except when I'm very ill, and when I go to India, I drink a drop of local water.
Nassim Nicholas Taleb
Tags: Very Go Water
The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.
Nassim Nicholas Taleb
Tags: People Who Know
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
Tags: People Get Will
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.
Nassim Nicholas Taleb
Tags: People More Would
Individuals should think about the worst-case scenarios and plan for them. The world will be crazier than you think it will be. Put money away, and then you can live with much more freedom.
Nassim Nicholas Taleb
Tags: Money Freedom You
I select a very small number of things to be sceptical about, such as markets, and on these I am hypersceptic. But I want to be fooled by randomness in art. I want the ceremonial of religion; we are made for it.
Nassim Nicholas Taleb
We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
Nassim Nicholas Taleb
Tags: Future You Like
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.
Nassim Nicholas Taleb
Tags: Home Like World
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
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.
Nassim Nicholas Taleb
If I ask you to write down the last 4 digits of your social security number, and then take you out to lunch and ask you how many dentists there are in Manhattan, there's going to be a high correlation between those two numbers. What happens is that the number psychologically makes you feel confident.
Nassim Nicholas Taleb
Tags: You Out Your