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" 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. "
Nassim Nicholas Taleb
Doctor
Drink
Water
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" A country's assets reside in the tinkerers, the hobbyists, and the risk-takers. "
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" I select a very small number of things to be sceptical about, such as markets, and on these I am hypersceptic. But I want to be fooled by randomness in art. I want the ceremonial of religion; we are made for it. "
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" 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. "
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" 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. "
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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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" Inequalities of wealth lead to a dispersion in wealth for all. "
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" In the United States, large corporations control some members of Congress. All this does is delay the corporation's funeral at our expense. "
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" Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever. "
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Think
Never
Stability
" I have never had personal debt and never will. "
Nassim Nicholas Taleb
Will
Debt
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" Writing is sacred, other activities are profane, and I don't want them to corrupt my writing. "
Nassim Nicholas Taleb
Writing
Want
Sacred
" Bailing out every bank that fails makes the system riskier, not safer. "
Nassim Nicholas Taleb
System
Safer
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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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Say
Find
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" The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine. "
Nassim Nicholas Taleb
Beyond
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" 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
Listen
You
Three
" 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
Think
Crisis
Day
" I'm a private intellectual, not a public one. "
Nassim Nicholas Taleb
Private
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" We should ban banks from risk-taking because society is going to pay the price. "
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Ban
Going
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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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" 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. "
Nassim Nicholas Taleb
Fate
Small
You
" What America does best is produce the ability to accept failure. "
Nassim Nicholas Taleb
Ability
Failure
Best
" 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
You
Down
Your
" In social policy, when we provide a safety net, it should be designed to help people take more entrepreneurial risks, not to turn them into dependents. This doesn't mean that we should be callous to the underprivileged. "
Nassim Nicholas Taleb
Risks
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" The grandchildren should not bear the debts of the grandparents. "
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Grandparents
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" 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
Neck
Problem
Trade
" Fragility is the quality of things that are vulnerable to volatility. "
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Volatility
Vulnerable
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" I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries. "
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Heavy
I Am
Sprint
" 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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" If you are in banking and lending, surprise outcomes are likely to be negative for you. "
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Negative
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Banking
" 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. "
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Grow
Gym
Evolution
" Most people are sceptical about the wrong things and gullible about the wrong things. "
Nassim Nicholas Taleb
Most
Gullible
Wrong