--- title: "4 Banking Quotes By Nassim Nicholas Taleb" description: "4 Banking quotes by Nassim Nicholas Taleb. Plus more from Nassim Nicholas Taleb and more Banking sayings from other authors." image: "https://sms4smile.com/quotes/i/46c/nassim-nicholas-taleb-352_addiction_suckers-think-that-you-cure-greed-with-m_21963.png" --- > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) [Image](https://sms4smile.com/quotes/i/46c/nassim-nicholas-taleb-352_addiction_suckers-think-that-you-cure-greed-with-m_21963.png) > [If you are in banking and lending, surprise outcomes are likely to be negative for you.](https://sms4smile.com/quotes/nassim-nicholas-taleb/if-you-are-in-banking-and-lending-surprise-outcomes-are-likely-to-be/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) [Image](https://sms4smile.com/quotes/i/fb1/nassim-nicholas-taleb-352_banking_if-you-are-in-banking-and-lending-surpri_131809.png) > [Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers…](https://sms4smile.com/quotes/nassim-nicholas-taleb/banks-have-never-made-money-in-the-history-of-banking-losing-the/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) [Image](https://sms4smile.com/quotes/i/42c/nassim-nicholas-taleb-352_bankers_banks-have-never-made-money-in-the-histo_1557358.png) > [Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm…](https://sms4smile.com/quotes/nassim-nicholas-taleb/banking-is-a-very-treacherous-business-because-you-don-t-realize-it/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) [Image](https://sms4smile.com/quotes/i/c1a/nassim-nicholas-taleb-352_banking_banking-is-a-very-treacherous-business-b_2104683.png) ## Other authors on Banking - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b023/author-thomas-jefferson-90435.jpg) Thomas Jefferson 15 quotes ](https://sms4smile.com/quotes/about/banking/thomas-jefferson/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b010/author-rashedur-ryan-rahman-37299.jpg) Rashedur Ryan Rahman 12 quotes ](https://sms4smile.com/quotes/about/banking/rashedur-ryan-rahman/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b001/author-jamie-dimon-1320.jpg) Jamie Dimon 10 quotes ](https://sms4smile.com/quotes/about/banking/jamie-dimon/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b016/author-louis-thomas-mcfadden-61450.jpg) Louis Thomas McFadden 7 quotes ](https://sms4smile.com/quotes/about/banking/louis-thomas-mcfadden/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b012/author-james-grant-46348.jpg) James Grant 7 quotes ](https://sms4smile.com/quotes/about/banking/james-grant/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b001/author-chanda-kochhar-2727.jpg) Chanda Kochhar 7 quotes ](https://sms4smile.com/quotes/about/banking/chanda-kochhar/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b019/author-paulo-freire-74349.jpg) Paulo Freire 6 quotes ](https://sms4smile.com/quotes/about/banking/paulo-freire/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b025/author-woodrow-wilson-96331.jpg) Woodrow Wilson 5 quotes ](https://sms4smile.com/quotes/about/banking/woodrow-wilson/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-walter-bagehot-94323.jpg) Walter Bagehot 5 quotes ](https://sms4smile.com/quotes/about/banking/walter-bagehot/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-vince-cable-93728.jpg) Vince Cable 5 quotes ](https://sms4smile.com/quotes/about/banking/vince-cable/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b014/author-josiah-stamp-53714.jpg) Josiah Stamp 5 quotes ](https://sms4smile.com/quotes/about/banking/josiah-stamp/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b009/author-franklin-d-roosevelt-35911.jpg) Franklin D. Roosevelt 5 quotes ](https://sms4smile.com/quotes/about/banking/franklin-d-roosevelt/) ## More by Nassim Nicholas Taleb > [To become a philosopher, start by walking very slowly.](https://sms4smile.com/quotes/nassim-nicholas-taleb/to-become-a-philosopher-start-by-walking-very-slowly/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using…](https://sms4smile.com/quotes/nassim-nicholas-taleb/wittgenstein-s-ruler-unless-you-have-confidence-in-the-ruler-s/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [In politics we face the choice between warmongering, nation-state loving, big-business agents on one hand; and risk-blind, top-down, epistemic arrogant big servants of large…](https://sms4smile.com/quotes/nassim-nicholas-taleb/in-politics-we-face-the-choice-between-warmongering-nation-state/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the…](https://sms4smile.com/quotes/nassim-nicholas-taleb/my-nightmare-scenario-is-that-the-government-saves-citibank-once/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [Using, as an excuse, others' failure of common sense is in itself a failure of common sense.](https://sms4smile.com/quotes/nassim-nicholas-taleb/using-as-an-excuse-others-failure-of-common-sense-is-in-itself-a/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [You know, children philosophize more than adults - and they are critical of adults.](https://sms4smile.com/quotes/nassim-nicholas-taleb/you-know-children-philosophize-more-than-adults-and-they-are-critical/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“One needs to go out and buy a lottery ticket in order to win. Does it mean that the work involved in the trip…](https://sms4smile.com/quotes/nassim-nicholas-taleb/one-needs-to-go-out-and-buy-a-lottery-ticket-in-order-to-win-does-it/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [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…](https://sms4smile.com/quotes/nassim-nicholas-taleb/individuals-should-think-about-the-worst-case-scenarios-and-plan-for/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“If you are looking for your misplaced wallet in your living room, in a trial and error mode, you exercise rationality by not looking…](https://sms4smile.com/quotes/nassim-nicholas-taleb/if-you-are-looking-for-your-misplaced-wallet-in-your-living-room-in-a/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“Most humans manage to squander their free time, as free time makes them dysfunctional, lazy, and unmotivated—the busier they get, the more active they…](https://sms4smile.com/quotes/nassim-nicholas-taleb/most-humans-manage-to-squander-their-free-time-as-free-time-makes/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [We learn the most from fools ... yet we pay them back with the worst ingratitude.](https://sms4smile.com/quotes/nassim-nicholas-taleb/we-learn-the-most-from-fools-yet-we-pay-them-back-with-the-worst/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [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…](https://sms4smile.com/quotes/nassim-nicholas-taleb/we-are-victims-of-the-post-enlightenment-view-that-the-world/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“loss of bone density and degradation of the health of the bones also causes aging, diabetes, and, for males, loss of fertility and sexual…](https://sms4smile.com/quotes/nassim-nicholas-taleb/loss-of-bone-density-and-degradation-of-the-health-of-the-bones-also/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“It takes a huge investment in introspection to learn that the thirty or more hours spent “studying” the news last month neither had any…](https://sms4smile.com/quotes/nassim-nicholas-taleb/it-takes-a-huge-investment-in-introspection-to-learn-that-the-thirty/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/banking/nassim-nicholas-taleb/#itemlist", "name": "4 Banking Quotes By Nassim Nicholas Taleb", "numberOfItems": 4, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”", "creator": { "@type": "Person", "name": "Nassim Nicholas Taleb" }, "url": "https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/46c/nassim-nicholas-taleb-352_addiction_suckers-think-that-you-cure-greed-with-m_21963.png", "contentUrl": "https://sms4smile.com/quotes/i/46c/nassim-nicholas-taleb-352_addiction_suckers-think-that-you-cure-greed-with-m_21963.png", "url": "https://sms4smile.com/quotes/i/46c/nassim-nicholas-taleb-352_addiction_suckers-think-that-you-cure-greed-with-m_21963.png", "width": 1080, "height": 1080, "caption": "“Suckers think that you cure greed with money, addiction with substances, expert problems with experts…” — Nassim Nicholas Taleb", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "If you are in banking and lending, surprise outcomes are likely to be negative for you.", "creator": { "@type": "Person", "name": "Nassim Nicholas Taleb" }, "url": "https://sms4smile.com/quotes/nassim-nicholas-taleb/if-you-are-in-banking-and-lending-surprise-outcomes-are-likely-to-be/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/fb1/nassim-nicholas-taleb-352_banking_if-you-are-in-banking-and-lending-surpri_131809.png", "contentUrl": "https://sms4smile.com/quotes/i/fb1/nassim-nicholas-taleb-352_banking_if-you-are-in-banking-and-lending-surpri_131809.png", "url": "https://sms4smile.com/quotes/i/fb1/nassim-nicholas-taleb-352_banking_if-you-are-in-banking-and-lending-surpri_131809.png", "width": 1080, "height": 1080, "caption": "“If you are in banking and lending, surprise outcomes are likely to be negative for you.” — Nassim Nicholas Taleb", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - 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