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Nassim Nicholas Taleb Quotes


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Quotes by Nassim Nicholas Taleb

Showing 11-20 of 82 Quotes by Nassim Nicholas Taleb

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.

~Nassim Nicholas Taleb

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Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.

~Nassim Nicholas Taleb

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Most people are sceptical about the wrong things and gullible about the wrong things.

~Nassim Nicholas Taleb

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Fragility is the quality of things that are vulnerable to volatility.

~Nassim Nicholas Taleb

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Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money.

~Nassim Nicholas Taleb

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People have the problem of denial. This is one of the things I learned in Lebanon. Everybody who left Beirut when the war started, including my parents, said, 'Oh, its temporary.' It lasted 17 years! People tend to underestimate the gravity of these situations. That's how they work.

~Nassim Nicholas Taleb

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I hated school because I liked to daydream and the system tried to stop me from that.

~Nassim Nicholas Taleb

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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

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The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.

~Nassim Nicholas Taleb

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The grandchildren should not bear the debts of the grandparents.

~Nassim Nicholas Taleb

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Biography

Nationality: Lebanese

Type: Scientist

Born: Unknown

Links

Find Nassim Nicholas Taleb on Amazon

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