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
writing two lunch
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.
two errors investing
Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general.
mean doctors two
If you have more than one reason to do something (choose a doctor or veterinarian, hire a gardener or an employee, marry a person, go on a trip), just don’t do it. It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions (robust to error) require no more than a single reason.
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.
experience looking next recognize solace time
The next time you experience a blackout, take some solace by looking at the sky. You will not recognize it.
I have never had personal debt and never will.
delay large members united
In the United States, large corporations control some members of Congress. All this does is delay the corporation's funeral at our expense.
happiness humanity replace trade
Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly.