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Inequalities of wealth lead to a dispersion in wealth for all.
Nassim Nicholas Taleb -
People employed in financial institutions are rarely interesting and even more rarely likable.
Nassim Nicholas Taleb
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I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.
Nassim Nicholas Taleb -
If you are an Arabic-speaking, Greek-Orthodox going to a French school it makes you deeply sceptical if you have to listen to three different accounts of the Crusades - one from the Muslim side, one from the Greek side and one from the Catholic side.
Nassim Nicholas Taleb -
Being an economist is the least ethical profession, closer to charlatanism than any science.
Nassim Nicholas Taleb -
You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
Nassim Nicholas Taleb -
Read nothing from the past one hundred years; eat no fruits from the past one thousand years; drink nothing from the past four thousand years (just wine and water); but talk to no ordinary man over forty.
Nassim Nicholas Taleb -
Nature builds things that are antifragile. In the case of evolution, nature uses disorder to grow stronger. Occasional starvation or going to the gym also makes you stronger, because you subject your body to stressors and gain from them.
Nassim Nicholas Taleb
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Paul Krugman is a danger to society!
Nassim Nicholas Taleb -
Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
Nassim Nicholas Taleb -
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 -
I am happy everywhere except in places where I see glitz and rich farts. I am happiest in Brooklyn, where the concentration of rich farts is minimal.
Nassim Nicholas Taleb -
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 -
Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
Nassim Nicholas Taleb
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The best philosophers were not academics, but had another job, so their philosophy was not corrupted by careerism.
Nassim Nicholas Taleb -
The grandchildren should not bear the debts of the grandparents.
Nassim Nicholas Taleb -
I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.
Nassim Nicholas Taleb -
The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.
Nassim Nicholas Taleb -
A man without a heroic bent starts dying at the age of thirty.
Nassim Nicholas Taleb -
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
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You will get the most attention from those who hate you. No friend, no admirer and no partner will flatter you with as much curiosity.
Nassim Nicholas Taleb -
At no point during his ordeal did Nero think of himself as 72% alive and 28% dead.
Nassim Nicholas Taleb -
Governments that try to shoot for a surplus hardly ever reach it.
Nassim Nicholas Taleb -
What America does best is produce the ability to accept failure.
Nassim Nicholas Taleb