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" 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
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" 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
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You
" The people I go after are the false experts, those who do not accept the limits of their knowledge. "
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" Poverty is clearly one source of emotional suffering, but there are others, like loneliness. "
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Loneliness
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" Governments that try to shoot for a surplus hardly ever reach it. "
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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. "
Nassim Nicholas Taleb
Able
War
Tension
" People employed in financial institutions are rarely interesting and even more rarely likable. "
Nassim Nicholas Taleb
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" 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
" Inequalities of wealth lead to a dispersion in wealth for all. "
Nassim Nicholas Taleb
Lead
Wealth
Inequalities
" 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'm a private intellectual, not a public one. "
Nassim Nicholas Taleb
Private
Public
Intellectual
" Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes. "
Nassim Nicholas Taleb
Capitalism
People
Others
" What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats. "
Nassim Nicholas Taleb
Socialism
Today
Capitalism
" 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
" People have the problem of denial. This is one of the things I learned in Lebanon. Everybody who left Beirut when the war started, including my parents, said, 'Oh, its temporary.' It lasted 17 years! People tend to underestimate the gravity of these situations. That's how they work. "
Nassim Nicholas Taleb
People
Work
War
" 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
" Democracies can't handle austerity measures very well. "
Nassim Nicholas Taleb
Very
Austerity
Measures
" The grandchildren should not bear the debts of the grandparents. "
Nassim Nicholas Taleb
Grandparents
Bear
Debts
" I hated school because I liked to daydream and the system tried to stop me from that. "
Nassim Nicholas Taleb
Stop
Because
Tried
" Writing is sacred, other activities are profane, and I don't want them to corrupt my writing. "
Nassim Nicholas Taleb
Writing
Want
Sacred
" 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
" Years ago, I noticed one thing about economics, and that is that economists didn't get anything right. "
Nassim Nicholas Taleb
Years
Right
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
" Fragility is the quality of things that are vulnerable to volatility. "
Nassim Nicholas Taleb
Volatility
Vulnerable
Things
" Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly. "
Nassim Nicholas Taleb
Ugly
Trade
Take
" 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
Money
Advice
You
" 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
" Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever. "
Nassim Nicholas Taleb
Think
Never
Stability
" I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis. "
Nassim Nicholas Taleb
Think
Crisis
Day