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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. "

Nassim Nicholas Taleb

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" A good maxim allows you to have the last word without even starting a conversation. "

Nassim Nicholas Taleb

" 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. "

Nassim Nicholas Taleb

" 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

" 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

" 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. "

Nassim Nicholas Taleb

" 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

" 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

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

Nassim Nicholas Taleb

" 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. "

Nassim Nicholas Taleb

" Debt is a mistake between lender and borrower, and both should suffer. "

Nassim Nicholas Taleb

" 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

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

Nassim Nicholas Taleb

" 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

" 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

" I drive a hybrid, moving into an electric car. I only drink tap water, never consume food that's travelled. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" The next time you experience a blackout, take some solace by looking at the sky. You will not recognize it. "

Nassim Nicholas Taleb

" 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

" Paul Krugman is a danger to society! "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" I have never had personal debt and never will. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" Writing is sacred, other activities are profane, and I don't want them to corrupt my writing. "

Nassim Nicholas Taleb

" 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

" Democracies can't handle austerity measures very well. "

Nassim Nicholas Taleb

" 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

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

Nassim Nicholas Taleb

" 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