Events Quotes by Nassim Nicholas Taleb

10 Events quotes by Nassim Nicholas Taleb

All Events quotes Nassim Nicholas Taleb’s page

When life throws a curveball, Taleb’s reflections cut straight to the heart of randomness. This handful of thoughts captures his sharp take on how events shape our world, offering a quick yet potent glimpse into his worldview.

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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 central idea in The Black Swan is that: rare events cannot be estimated from empirical observation since they are rare.

Nassim Nicholas Taleb

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But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.

Nassim Nicholas Taleb

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I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive…

Nassim Nicholas Taleb

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“It is the system and its fragility, not events, that must be studied—what”

Nassim Nicholas Taleb

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In economic life and history more generally, just about everything of consequence comes from black swans; ordinary events have paltry effects in…

Nassim Nicholas Taleb

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Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but…

Nassim Nicholas Taleb

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The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to…

Nassim Nicholas Taleb

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History is opaque. You see what comes out, not the script that produces events, [...] The generator of historical events is different…

Nassim Nicholas Taleb

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We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order…

Nassim Nicholas Taleb

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To become a philosopher, start by walking very slowly.

Nassim Nicholas Taleb

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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…

Nassim Nicholas Taleb

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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…

Nassim Nicholas Taleb

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My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the…

Nassim Nicholas Taleb

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Using, as an excuse, others' failure of common sense is in itself a failure of common sense.

Nassim Nicholas Taleb

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You know, children philosophize more than adults - and they are critical of adults.

Nassim Nicholas Taleb

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“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…

Nassim Nicholas Taleb

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“One needs to go out and buy a lottery ticket in order to win. Does it mean that the work involved in the trip…

Nassim Nicholas Taleb

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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…

Nassim Nicholas Taleb

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“If you are looking for your misplaced wallet in your living room, in a trial and error mode, you exercise rationality by not looking…

Nassim Nicholas Taleb

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“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…

Nassim Nicholas Taleb

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We learn the most from fools ... yet we pay them back with the worst ingratitude.

Nassim Nicholas Taleb

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