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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. "

Nassim Nicholas Taleb

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

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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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" I've been telling anyone willing to listen that banks have a tendency to sit on time bombs while convincing themselves that they are conservative and nonvolatile. "

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" 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. "

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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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" 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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" What we need to do is break the financial community's grip on society. "

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

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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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" 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. "

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

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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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" 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. "

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

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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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" 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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" Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever. "

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" 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. "

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

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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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" We should ban banks from risk-taking because society is going to pay the price. "

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

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" People employed in financial institutions are rarely interesting and even more rarely likable. "

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

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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. "

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