Quotes from Nassim Nicholas Taleb


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Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.


Writing is sacred, other activities are profane, and I don't want them to corrupt my writing.


I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.


We are victims of the post-Enlightenment view that the world functions like a sophisticated machine, to be understood like a textbook engineering problem and run by wonks. In other words, like a home appliance, not like the human body.


We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.


I'm in favour of religion as a tamer of arrogance. For a Greek Orthodox, the idea of God as creator outside the human is not God in God's terms. My God isn't the God of George Bush.


People have the problem of denial. This is one of the things I learned in Lebanon. Everybody who left Beirut when the war started, including my parents, said, 'Oh, its temporary.' It lasted 17 years! People tend to underestimate the gravity of these situations. That's how they work.


The grandchildren should not bear the debts of the grandparents.


We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.


Fragility is the quality of things that are vulnerable to volatility.


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.


I have never had personal debt and never will.


Poverty is clearly one source of emotional suffering, but there are others, like loneliness.


Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money.


If I ask you to write down the last 4 digits of your social security number, and then take you out to lunch and ask you how many dentists there are in Manhattan, there's going to be a high correlation between those two numbers. What happens is that the number psychologically makes you feel confident.


For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.


Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.


I don't go to the doctor except when I'm very ill, and when I go to India, I drink a drop of local water.


The people I go after are the false experts, those who do not accept the limits of their knowledge.


The world we live in is vastly different from the world we think we live in.