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

Nassim Nicholas Taleb

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

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" I'm a private intellectual, not a public one. "

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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. "

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

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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. "

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" Most so-called writers keep writing and writing with the hope, some day, to find something to say. "

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" There are two types of people: those who try to win and those who try to win arguments. They are never the same. "

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" The best philosophers were not academics, but had another job, so their philosophy was not corrupted by careerism. "

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" 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. "

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" Inequalities of wealth lead to a dispersion in wealth for all. "

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" Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric. "

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

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

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

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

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

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