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All Quotes by author - Nassim Nicholas Taleb

" A country's assets reside in the tinkerers, the hobbyists, and the risk-takers. "

" A good maxim allows you to have the last word without even starting a conversation. "

" Alan Greenspan is unskilled; you don't take the unskilled seriously. "

" All of technology, really, is about maximizing free options. "

" Bailing out every bank that fails makes the system riskier, not safer. "

" Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms. "

" Being an economist is the least ethical profession, closer to charlatanism than any science. "

" Capitalism has forced everyone to overoptimize in order to compete. "

" Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes. "

" Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly. "

" Debt is a mistake between lender and borrower, and both should suffer. "

" Deficits are like putting dynamite in the hands of children. They can get out of control very quickly. "

" Democracies can't handle austerity measures very well. "

" Economics make homeopath and alternative healers look empirical and scientific. "

" Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain. "

" 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. "

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

" Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China. "

" Governments that try to shoot for a surplus hardly ever reach it. "

" 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. "

" 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. "

" I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus. "

" I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis. "

" I drive a hybrid, moving into an electric car. I only drink tap water, never consume food that's travelled. "

" 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. "

" 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. "

" If you are in banking and lending, surprise outcomes are likely to be negative for you. "

" If you take risks and face your fate with dignity, there is nothing you can do that makes you small; if you don't take risks, there is nothing you can do that makes you grand, nothing. "

" I hated school because I liked to daydream and the system tried to stop me from that. "

" I have never had personal debt and never will. "

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