Nassim Nicholas Taleb: Doing

Nassim Nicholas Taleb is Lebanese-American essayist, scholar, statistician, former trader and risk analyst. Explore interesting quotes on doing.
Nassim Nicholas Taleb: 392 quotes29 likes

“Lucky fools do not bear the slightest suspicion that they may be lucky fools - by definition, they do not know that they belong to such a category.”

Nassim Nicholas Taleb book Fooled by Randomness

Fooled by Randomness (2001)

“The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference”

Nassim Nicholas Taleb book Antifragile: Things That Gain from Disorder

Source: Antifragile: Things That Gain from Disorder

“If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.”

Nassim Nicholas Taleb

Source: The Black Swan: The Impact of the Highly Improbable

“Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.”

Nassim Nicholas Taleb

Source: The Black Swan: The Impact of the Highly Improbable

“The problem with experts is that they do not know what they do not know”

Nassim Nicholas Taleb

Source: The Black Swan: The Impact of the Highly Improbable

“You exist if and only if you are free to do things without a visible objective, with no justification and, above all, outside the dictatorship of someone else’s narrative.”

Nassim Nicholas Taleb book The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 17

“Those who do not think that employment is systemic slavery are either blind or employed.”

Nassim Nicholas Taleb book The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 30

“It takes extraordinary wisdom and self-control to accept that many things have a logic we do not understand that is smarter than our own.”

Nassim Nicholas Taleb book The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 78

“When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.”

Nassim Nicholas Taleb book The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 9

“You have a real life if and only if you do not compete with anyone in any of your pursuits.”

Nassim Nicholas Taleb book The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 39

“Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients — and yet events, it turns out, are almost always outlandish.”

Nassim Nicholas Taleb

Source: The Black Swan: The Impact of the Highly Improbable (2007), p. 149

“Consider that the turkey's experience may have, rather than no value, a negative value. It learned from observation, as we are all advised to do (hey, after all, this is what is believed to be the scientific method). Its confidence increased as the number of friendly feedings grew, and it felt increasingly safe even though the slaughter was more and more imminent. Consider that the feeling of safety reached its maximum when the risk was at the highest!”

Nassim Nicholas Taleb

Source: The Black Swan: The Impact of the Highly Improbable (2007), pp. 40–41 (Taleb attributes the parable of the turkey to Bertrand Russell, who originally wrote of a chicken.)

“Just as dyed hair makes older men less attractive, it is what you do to hide your weaknesses that makes them repugnant.”

Nassim Nicholas Taleb book The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 68

“Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments”

Nassim Nicholas Taleb

which they do not control <br class="br"> Ten principles for a Black Swan-proof world http://www.ft.com/cms/s/0/5d5aa24e-23a4-11de-996a-00144feabdc0.html?nclick_check=1, Financial Times, 2009-04-07. <br class="br">Ten principles for a Black Swan-proof world (2009)

“We are robust when errors in the representation of the unknown and understanding of random effects do not lead to adverse outcomes —fragile otherwise.”

Nassim Nicholas Taleb book The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms (2010), p. 107

“If you see fraud and do not say fraud, you are a fraud.”

Nassim Nicholas Taleb book Antifragile: Things That Gain from Disorder

Source: Antifragile: Things That Gain from Disorder (2012), p. 15

“People who are bred, selected, and compensated to find complicated solutions do not have an incentive to implement simplified ones.”

Nassim Nicholas Taleb book Skin in the Game

Source: Skin in the Game (2018), p. 162