Bankrupt Quote by Nassim Nicholas Taleb
“To bankrupt a fool, give him information.”
About This Quote
Source Book: The Black Swan, Nassim Nicholas Taleb, 2007
Providing excessive data to an unwise person can lead to poor decisions and ruin.
In simple terms: Information overload can bankrupt a fool.
Key Takeaway
Guard against feeding false data to the unwise.
Themes
knowledge
wisdom
decisionmaking
Mood
cautious
critical
Type
advisory
warning
When to use this quote
- financial advice
- political persuasion
- education
- media consumption
Key Concepts
information overload
cognitive bias
Questions to Reflect On
- How do you ensure information is used wisely?
- What safeguards prevent misuse of data?
A Different Perspective
Even with information, lack of judgment can still cause failure.
![“Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/04a/jamie-dimon-1320_assets_not-every-company-went-bankrupt-not-ever_128310.jpg)
