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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

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" I'm a private intellectual, not a public one. "

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

" I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries. "

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

" If you are an Arabic-speaking, Greek-Orthodox going to a French school it makes you deeply sceptical if you have to listen to three different accounts of the Crusades - one from the Muslim side, one from the Greek side and one from the Catholic side. "

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

" 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

" 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

" Inequalities of wealth lead to a dispersion in wealth for all. "

Nassim Nicholas Taleb

" You are rich if and only if money you refuse tastes better than money you accept. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" 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

" Deficits are like putting dynamite in the hands of children. They can get out of control very quickly. "

Nassim Nicholas Taleb

" Being an economist is the least ethical profession, closer to charlatanism than any science. "

Nassim Nicholas Taleb

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

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

" Capitalism has forced everyone to overoptimize in order to compete. "

Nassim Nicholas Taleb

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

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

" 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

" 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. "

Nassim Nicholas Taleb

" 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

" 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

" What America does best is produce the ability to accept failure. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms. "

Nassim Nicholas Taleb

" A country's assets reside in the tinkerers, the hobbyists, and the risk-takers. "

Nassim Nicholas Taleb

" 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. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" Paul Krugman is a danger to society! "

Nassim Nicholas Taleb