Nassim Nicholas Taleb
Nassim Nicholas Taleb
Nassim Nicholas Talebis a Lebanese-American essayist, scholar, statistician, former trader, and risk analyst, whose work focuses on problems of randomness, probability, and uncertainty. His 2007 book The Black Swan was described in a review by the Sunday Times as one of the twelve most influential books since World War II...
NationalityLebanese
ProfessionScientist
CountryLebanon
mistake used situation
Make sure that you are in a situation where the constant mistakes are small and can be used for something.
mistake pay-the-price benefits
Bankers, they're not harmed by their mistakes. They benefit when things go right, and the society pays the price.
mistake people harm
Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
mistake suffering debt
Debt is a mistake between lender and borrower, and both should suffer.
mistake errors benefits
It is often the mistakes of others that benefit the rest of us and, sadly, not them ... For the antifragile, harm from errors should be less than the benefits.
mistake light information
A mistake is not something to be determined after the fact, but in the light of the information until that point.
pain mistake desire
A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.
serendipity luck
...maximize the serendipity around you.
weakness
It is a sign of weakness to avoid showing signs of weakness.
callous designed people provide social turn
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.
functions home human run textbook understood victims view
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.
noticed
Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.
drop except local
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.
accept false knowledge limits people
The people I go after are the false experts, those who do not accept the limits of their knowledge.