“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.”

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

Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just…" by Nassim Nicholas Taleb?
Nassim Nicholas Taleb photo
Nassim Nicholas Taleb 196
Lebanese-American essayist, scholar, statistician, former t… 1960

Related quotes

Scott Adams photo

“If an economist uses a complicated model to predict just about anything, you can ignore it.”

Scott Adams (1957) cartoonist, writer

Press release, 10 September 2008 http://dilbert.com/blog
Context: If an economist uses a complicated model to predict just about anything, you can ignore it. By analogy, a doctor can’t tell you the exact date of your death in 50 years. But if a doctor tells you to eat less and exercise more, that’s good advice even if you later get hit by a bus. Along those same lines, economists can give useful general advice on the economy, even if you know there will be surprises. Still, be skeptical.

Kenneth Grahame photo
Nora Roberts photo
Prevale photo

“The ignorant often sin of education, arrogance and presumption. For his it is normal behave like this because he is not used to acquiring culture, according to him he is born wise and generally due to his closed nature he dies always together with his ignorance.”

Prevale (1983) Italian DJ and producer

Original: L'ignorante pecca spesso di educazione, arroganza e presunzione. Per lui è normale comportarsi così perché non è abituato ad acquisire cultura, secondo lui nasce saggio e generalmente per la sua natura chiusa muore sempre insieme alla sua ignoranza.
Source: prevale.net

Robert A. Heinlein photo

“Theobald ignored him. He could be deaf when he chose; he seemed to find it particularly difficult to hear the word “No.””

Source: Beyond This Horizon (1948; originally serialized in 1942), Chapter 14, “—and beat him when he sneezes”, p. 132

Dane Cook photo
Oswald Chambers photo
Caspar David Friedrich photo

“Just as the reverent man prays without uttering words, and the Lord hears him, the sensitive painter paints, and the sensitive man understands and recognizes him, but even the more obtuse carry away something from his work.”

Caspar David Friedrich (1774–1840) Swedish painter

Quote of Friedrich, in Romanticism and realism : the mythology of nineteenth-century art - (from Chapter: Friedrich and the language of Landscape https://msu.edu/course/ha/445/rosenfriedrich.pdf), Charles Rosen and Henri Zerner; Viking Press, New York, 1984, p. 63
undated

Anton Chekhov photo

Related topics