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" The world we live in is vastly different from the world we think we live in. "
Nassim Nicholas Taleb
Think
World
Live
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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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" A good maxim allows you to have the last word without even starting a conversation. "
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" 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. "
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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. "
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" I hated school because I liked to daydream and the system tried to stop me from that. "
Nassim Nicholas Taleb
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" 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. "
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" 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
Failure
Building
Time
" I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries. "
Nassim Nicholas Taleb
Heavy
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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
Wealth
Think
Watches
" I'm a private intellectual, not a public one. "
Nassim Nicholas Taleb
Private
Public
Intellectual
" The grandchildren should not bear the debts of the grandparents. "
Nassim Nicholas Taleb
Grandparents
Bear
Debts
" 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. "
Nassim Nicholas Taleb
Neck
Problem
Trade
" Paul Krugman is a danger to society! "
Nassim Nicholas Taleb
Paul
Danger
Society
" 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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Christmas
Time
New
" Being an economist is the least ethical profession, closer to charlatanism than any science. "
Nassim Nicholas Taleb
Than
Ethical
Profession
" Most people are sceptical about the wrong things and gullible about the wrong things. "
Nassim Nicholas Taleb
Most
Gullible
Wrong
" Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes. "
Nassim Nicholas Taleb
Capitalism
People
Others
" 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
" Poverty is clearly one source of emotional suffering, but there are others, like loneliness. "
Nassim Nicholas Taleb
Loneliness
Others
Poverty
" For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering. "
Nassim Nicholas Taleb
Worst
Way
Suffering
" Most so-called writers keep writing and writing with the hope, some day, to find something to say. "
Nassim Nicholas Taleb
Say
Find
Writing
" 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
" 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
" We humans lack imagination, to the point of not even knowing what tomorrow's important things will look like. "
Nassim Nicholas Taleb
Imagination
Important
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" We should ban banks from risk-taking because society is going to pay the price. "
Nassim Nicholas Taleb
Ban
Going
Pay
" Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric. "
Nassim Nicholas Taleb
Newspaper
Feeling
Success
" 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
" Inequalities of wealth lead to a dispersion in wealth for all. "
Nassim Nicholas Taleb
Lead
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Inequalities
" You will get the most attention from those who hate you. No friend, no admirer and no partner will flatter you with as much curiosity. "
Nassim Nicholas Taleb
Curiosity
Friend
Hate
" All of technology, really, is about maximizing free options. "
Nassim Nicholas Taleb
Technology
Really
About