The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine. Nassim Nicholas Taleb badeconomistevent Change image and share on social
Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms. Nassim Nicholas Taleb bankbusinesscalm Change image and share on social
When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line. Nassim Nicholas Taleb agencybankbanker 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
You are rich if and only if money you refuse tastes better than money you accept. Nassim Nicholas Taleb acceptmoneyrefuse Change image and share on social
What America does best is produce the ability to accept failure. Nassim Nicholas Taleb abilityacceptamerica Change image and share on social
Democracies can't handle austerity measures very well. Nassim Nicholas Taleb austeritydemocracyhandle 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
Writing is sacred, other activities are profane, and I don't want them to corrupt my writing. Nassim Nicholas Taleb activitycorruptprofane Change image and share on social
Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever. Nassim Nicholas Taleb confuselackstability Change image and share on social
