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" I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge. "
Nassim Nicholas Taleb
Who
Where
Still
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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. "
Nassim Nicholas Taleb
Protection
Crisis
Doing
" Most people are sceptical about the wrong things and gullible about the wrong things. "
Nassim Nicholas Taleb
Most
Gullible
Wrong
" Alan Greenspan is unskilled; you don't take the unskilled seriously. "
Nassim Nicholas Taleb
You
Seriously
Take
" I hated school because I liked to daydream and the system tried to stop me from that. "
Nassim Nicholas Taleb
Stop
Because
Tried
" 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. "
Nassim Nicholas Taleb
God
Human
Outside
" 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. "
Nassim Nicholas Taleb
World
Body
Home
" Most so-called writers keep writing and writing with the hope, some day, to find something to say. "
Nassim Nicholas Taleb
Say
Find
Writing
" What America does best is produce the ability to accept failure. "
Nassim Nicholas Taleb
Ability
Failure
Best
" The best philosophers were not academics, but had another job, so their philosophy was not corrupted by careerism. "
Nassim Nicholas Taleb
Job
Philosophy
Academics
" I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries. "
Nassim Nicholas Taleb
Heavy
I Am
Sprint
" 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. "
Nassim Nicholas Taleb
Rich
Brooklyn
I Am
" Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric. "
Nassim Nicholas Taleb
Newspaper
Feeling
Success
" 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. "
Nassim Nicholas Taleb
World
Money
Live
" 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. "
Nassim Nicholas Taleb
Technology
Information
Small
" I drive a hybrid, moving into an electric car. I only drink tap water, never consume food that's travelled. "
Nassim Nicholas Taleb
Drink
Drive
Car
" 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
" 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
Learning
Children
College
" I'm a private intellectual, not a public one. "
Nassim Nicholas Taleb
Private
Public
Intellectual
" All of technology, really, is about maximizing free options. "
Nassim Nicholas Taleb
Technology
Really
About
" 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
You
Matters
Talk
" 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. "
Nassim Nicholas Taleb
Money
Culture
Business
" Fragility is the quality of things that are vulnerable to volatility. "
Nassim Nicholas Taleb
Volatility
Vulnerable
Things
" If you are in banking and lending, surprise outcomes are likely to be negative for you. "
Nassim Nicholas Taleb
Negative
You
Banking
" Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever. "
Nassim Nicholas Taleb
Think
Never
Stability
" 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
Safety
Help
" The world we live in is vastly different from the world we think we live in. "
Nassim Nicholas Taleb
Think
World
Live
" We should ban banks from risk-taking because society is going to pay the price. "
Nassim Nicholas Taleb
Ban
Going
Pay
" The people I go after are the false experts, those who do not accept the limits of their knowledge. "
Nassim Nicholas Taleb
People
Accept
Limits
" 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. "
Nassim Nicholas Taleb
I Am
Want
Small
" Being an economist is the least ethical profession, closer to charlatanism than any science. "
Nassim Nicholas Taleb
Than
Ethical
Profession