“ After more than twenty years as a transactional trader and businessman in what I called the strange profession, I tried what one calls an academic career. And I have something to report—actually that… Nassim Nicholas Taleb
“ A mistake is not something to be determined after the fact, but in light of the information available until that point Nassim Nicholas Taleb
“ C) If the function is convex (antifragile), then the average of the function of something is going to be higher than the function of the average of something. And the reverse when the function is conc… Nassim Nicholas Taleb
“ If you think that you can control your emotions, think that some people also believe that they can control their heartbeat or hair growth.) Nassim Nicholas Taleb
“ We tend to think that innovation comes from bureaucratic funding, through planning, or by putting people through a Harvard Business School class by one Highly Decorated Professor of Innovation and Ent… Nassim Nicholas Taleb
“ Way too many cooks in the same tiny kitchen, most of whom never have to taste the food. Nassim Nicholas Taleb
“ My wish is for people in general to remain fools of randomness (so I can trade against them), yet for there to remain a minority intelligent enough to value my methods and hire my services. Nassim Nicholas Taleb
“ Minds are in the business of turning history into something smooth and linear, which makes us underestimate randomness. But when we see it, we fear it and overreact. Because of this fear and thirst fo… Nassim Nicholas Taleb
“ Many people mistaken for entrepreneurs fail to have true skin in the game in the sense that their aim is to either cash out by selling the company they helped create to someone else, or go public by i… Nassim Nicholas Taleb
“ Major ramification of the ludic fallacy: how those whose job it is to make us aware of uncertainty fail us and divert us into bogus certainties through the back door. Nassim Nicholas Taleb
“ Dignity is worth nothing unless you earn it, unless you are willing to pay a price for it. Nassim Nicholas Taleb
“ Companies trying to misrepresent the product they sell by playing with our cognitive biases, our unconscious associations, and that’s sneaky. The latter is done by, say, showing a poetic picture of a… Nassim Nicholas Taleb
“ You cannot do anything with knowledge unless you know where it stops, and the costs of using it. Nassim Nicholas Taleb
“ Yet simplicity has been difficult to implement in modern life because it is against the spirit of a certain brand of people who seek sophistication so they can justify their profession. Nassim Nicholas Taleb
“ Wind extinguishes a candle and energizes fire. Likewise with randomness, uncertainty, chaos: you want to use them, not hide from them. You want to be the fire and wish for the wind. This summarizes th… Nassim Nicholas Taleb
