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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
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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 Internet allows the small guy a global marketplace. But technology is harmful in the sense that we get too much information from it. Because of the web we get 10 times the amount of noise we ever got, which makes harmful fallacies far more likely. "
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" The grandchildren should not bear the debts of the grandparents. "
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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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" 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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" 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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" What we need to do is break the financial community's grip on society. "
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" 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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" 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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" I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries. "
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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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" Alan Greenspan is unskilled; you don't take the unskilled seriously. "
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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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" Poverty is clearly one source of emotional suffering, but there are others, like loneliness. "
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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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" A good maxim allows you to have the last word without even starting a conversation. "
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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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" What America does best is produce the ability to accept failure. "
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" I have never had personal debt and never will. "
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" Being an economist is the least ethical profession, closer to charlatanism than any science. "
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