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

Nassim Nicholas Taleb

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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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" 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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" 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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" Years ago, I noticed one thing about economics, and that is that economists didn't get anything right. "

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

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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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" The people I go after are the false experts, those who do not accept the limits of their knowledge. "

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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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" I hated school because I liked to daydream and the system tried to stop me from that. "

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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. "

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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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" 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. "

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" 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. "

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" The grandchildren should not bear the debts of the grandparents. "

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

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" Governments that try to shoot for a surplus hardly ever reach it. "

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" The key to wealth is that it doesn't matter. Once you've had it, you don't think anything of it; you can wear cheap watches. "

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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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" 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'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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" Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly. "

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" All of technology, really, is about maximizing free options. "

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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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" 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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