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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. "
Nassim Nicholas Taleb
Telling
Conservative
Listen
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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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" It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement. "
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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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Rich
Brooklyn
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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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" The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution. "
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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. "
Nassim Nicholas Taleb
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" When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder. "
Nassim Nicholas Taleb
You
People
Fragile
" 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
" 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
" In the United States, large corporations control some members of Congress. All this does is delay the corporation's funeral at our expense. "
Nassim Nicholas Taleb
Congress
Control
Delay
" 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
" The grandchildren should not bear the debts of the grandparents. "
Nassim Nicholas Taleb
Grandparents
Bear
Debts
" 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
" 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
" 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
" 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
" 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. "
Nassim Nicholas Taleb
Even
Name
Years
" Inequalities of wealth lead to a dispersion in wealth for all. "
Nassim Nicholas Taleb
Lead
Wealth
Inequalities
" What we need to do is break the financial community's grip on society. "
Nassim Nicholas Taleb
Need
Community
Financial
" All of technology, really, is about maximizing free options. "
Nassim Nicholas Taleb
Technology
Really
About
" Economics make homeopath and alternative healers look empirical and scientific. "
Nassim Nicholas Taleb
Empirical
Look
Economics
" 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
" Deficits are like putting dynamite in the hands of children. They can get out of control very quickly. "
Nassim Nicholas Taleb
Get
Out
Hands
" Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever. "
Nassim Nicholas Taleb
Think
Never
Stability
" Capitalism has forced everyone to overoptimize in order to compete. "
Nassim Nicholas Taleb
Compete
Capitalism
Everyone
" 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
" Most so-called writers keep writing and writing with the hope, some day, to find something to say. "
Nassim Nicholas Taleb
Say
Find
Writing
" Being an economist is the least ethical profession, closer to charlatanism than any science. "
Nassim Nicholas Taleb
Than
Ethical
Profession
" The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine. "
Nassim Nicholas Taleb
Beyond
Events
Medicine
" 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