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
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
Bailing out every bank that fails makes the system riskier, not safer. Nassim Nicholas Taleb bailbankfail 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
People employed in financial institutions are rarely interesting and even more rarely likable. Nassim Nicholas Taleb employfinancialinstitution Change image and share on social
Being an economist is the least ethical profession, closer to charlatanism than any science. Nassim Nicholas Taleb charlatanismcloseeconomist Change image and share on social
The world we live in is vastly different from the world we think we live in. Nassim Nicholas Taleb livevastlyworld Change image and share on social
Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric. Nassim Nicholas Taleb absencecalibratedefine Change image and share on social
The Internet allows the small guy a global marketplace. But technology is harmful in the sense that we get too much information from it. Because of the web we get 10 times the amount of noise we ever got, which makes harmful fallacies far more likely. Nassim Nicholas Taleb amountfallacyglobal share on social