What fools call "wasting time" is most often the best investment. — Nassim Nicholas Taleb Copy Share Image
Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general. — Nassim Nicholas Taleb Copy Share Image
I select a very small number of things to be sceptical about, such as markets, and on these I am hypersceptic. But… — Nassim Nicholas Taleb Copy Share Image
When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns - in… — Nassim Nicholas Taleb Copy Share Image
“It takes a huge investment in introspection to learn that the thirty or more hours spent “studying” the news last month neither… — Nassim Nicholas Taleb Copy Share Image
The number of managers with great track records in a given market depends far more on the number of people who started… — Nassim Nicholas Taleb Copy Share Image
Read books are far less valuable than unread ones. The library should contain as much of what you do not know as… — Nassim Nicholas Taleb Copy Share Image
If you let markets - in general, my belief is that if you let markets give you information, they'll give you the… — Nassim Nicholas Taleb Copy Share Image
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 Copy Share Image
If you roll dice, you know that the odds are one in six that the dice will come up on a particular… — Nassim Nicholas Taleb Copy Share Image
We have this culture of financialization. People think they need to make money with their savings rather with their own business. So… — Nassim Nicholas Taleb Copy Share Image
“There are some people who, if they don't already know, you can't tell them. As the great philosopher of uncertainty Yogi berra… — Nassim Nicholas Taleb Copy Share Image
Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties… — Nassim Nicholas Taleb Copy Share Image
“Yet they believe blindly in the stock market, and in the abilities of their pension plan manager. Why do they do so?… — Nassim Nicholas Taleb Copy Share Image
“You can imagine how distraught I feel when I hear about the glorified heroism-free “middle class values,” which, thanks to globalization and… — Nassim Nicholas Taleb Copy Share Image
“To see how transfer of antifragility works, consider two scenarios, in which the market does the same thing on average but following… — Nassim Nicholas Taleb Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
Using, as an excuse, others' failure of common sense is in itself a failure of common sense. — Nassim Nicholas Taleb Copy Share Image
You know, children philosophize more than adults - and they are critical of adults. — Nassim Nicholas Taleb Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
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 Copy Share Image
“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 Copy Share Image
“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 Copy Share Image
We learn the most from fools ... yet we pay them back with the worst ingratitude. — Nassim Nicholas Taleb Copy Share Image
