They will envy you for your success, your wealth, for your intelligence, for your looks, for your status - but rarely for… — Nassim Nicholas Taleb Copy Share Image
“social treadmill effect: You get rich, move to rich neighborhoods, then become poor again. To that add the psychological treadmill effect; you… — Nassim Nicholas Taleb Copy Share Image
“Take a population of 10 people, 9 having a net worth of $ 30,000 and 1 having a net worth of $… — Nassim Nicholas Taleb Copy Share Image
“I will set aside the point that I see no special heroism in accumulating money, particularly if, in addition, the person is… — Nassim Nicholas Taleb Copy Share Image
Inequalities of wealth lead to a dispersion in wealth for all. — Nassim Nicholas Taleb Copy Share Image
The key to wealth is that it doesn't matter. Once you've had it, you don't think anything of it; you can wear… — Nassim Nicholas Taleb Copy Share Image
“At the end, what matters is the strength of the string—not the wealth and power of the dining party.” — Nassim Nicholas Taleb Copy Share Image
“Serious empirical investigation (largely thanks to one Lant Pritchet, then a World Bank economist) shows no evidence that raising the general level… — Nassim Nicholas Taleb Copy Share Image
The worst side effect of wealth is the social associations it forces on its victims, as people with big houses end up… — 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
