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… — 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.… — Nassim Nicholas Taleb Copy Share Image
Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile. — Nassim Nicholas Taleb Copy Share Image
“Until recent history, the central state represented about 5 percent of the economy. ...and further, governments were sufficiently distracted by war to leave… — Nassim Nicholas Taleb Copy Share Image
Governments that try to shoot for a surplus hardly ever reach it. — Nassim Nicholas Taleb Copy Share Image
You want to favor systems that benefit from error, disorder, variability and things like that. You want to favor these systems and… — Nassim Nicholas Taleb Copy Share Image
“The British government documents, as early as fifty years ago, an aim for education other than the one we have today: raising… — Nassim Nicholas Taleb Copy Share Image
“A theory is like medicine or government: often useless, sometimes necessary, always self-serving and, on occasion, lethal. It needs to be used… — Nassim Nicholas Taleb Copy Share Image
“members of the Athenian assemblies were chosen by lot, a method meant to protect the system from degeneracy. Luckily, this effect has… — Nassim Nicholas Taleb Copy Share Image
“Governments are wasting billions of dollars on attempting to predict events that are produced by interdependent systems and are therefore not statistically… — Nassim Nicholas Taleb Copy Share Image
The only valid political system is one that can handle an imbecile in power without suffering from it — Nassim Nicholas Taleb Copy Share Image
“Actually my father kept hinting to me the problem of getting good grades himself: the person who was at the exact bottom… — Nassim Nicholas Taleb Copy Share Image
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. — Nassim Nicholas Taleb Copy Share Image
“Beware of precise plans by government. Let government predict: it makes them feel better about themselves and justifies their existence.” — 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
