Years ago, I noticed one thing about economics, and that is that economists didn't get anything right. Nassim Nicholas Taleb agoeconomicseconomist Change image and share on social
The people I go after are the false experts, those who do not accept the limits of their knowledge. Nassim Nicholas Taleb acceptexpertfalse Change image and share on social
I'm a private intellectual, not a public one. Nassim Nicholas Taleb intellectualprivatepublic Change image and share on social
Deficits are like putting dynamite in the hands of children. They can get out of control very quickly. Nassim Nicholas Taleb childcontroldeficit Change image and share on social
You know, children philosophize more than adults - and they are critical of adults. Nassim Nicholas Taleb adultchildcritical Change image and share on social
What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats. Nassim Nicholas Taleb bureaucratcapitalismcoffer Change image and share on social
Most so-called writers keep writing and writing with the hope, some day, to find something to say. Nassim Nicholas Taleb calldayfind Change image and share on social
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain. Nassim Nicholas Taleb airlinebigbuild share on social
Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money. Nassim Nicholas Taleb advicebankruptbroker Change image and share on social
The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing. Nassim Nicholas Taleb clearconsumercrisis Change image and share on social