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

Nassim Nicholas Taleb

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

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

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" The next time you experience a blackout, take some solace by looking at the sky. You will not recognize it. "

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

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" Most people are sceptical about the wrong things and gullible about the wrong things. "

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

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" 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. "

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

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" The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine. "

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" Paul Krugman is a danger to society! "

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" 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. "

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" Individuals should think about the worst-case scenarios and plan for them. The world will be crazier than you think it will be. Put money away, and then you can live with much more freedom. "

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" The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing. "

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" Nobody reads the disclosures that roll down your computer screen. You click 'I agree' but you don't know what you're agreeing to. "

Nassim Nicholas Taleb

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

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" 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. "

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" 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. "

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" 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. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" 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. "

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" 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. "

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" When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters. "

Nassim Nicholas Taleb

" 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. "

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" 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. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" 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. "

Nassim Nicholas Taleb

" 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. "

Nassim Nicholas Taleb

" We humans lack imagination, to the point of not even knowing what tomorrow's important things will look like. "

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" 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. "

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

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