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" 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

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" The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine. "

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" You know, children philosophize more than adults - and they are critical of adults. "

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" Poverty is clearly one source of emotional suffering, but there are others, like loneliness. "

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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 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. "

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" If I ask you to write down the last 4 digits of your social security number, and then take you out to lunch and ask you how many dentists there are in Manhattan, there's going to be a high correlation between those two numbers. What happens is that the number psychologically makes you feel confident. "

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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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" Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric. "

Nassim Nicholas Taleb

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

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

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

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 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

" 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

" 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

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

Nassim Nicholas Taleb

" There are two types of people: those who try to win and those who try to win arguments. They are never the same. "

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" 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. "

Nassim Nicholas Taleb

" What we need to do is break the financial community's grip on society. "

Nassim Nicholas Taleb

" 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

" 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

" I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged. "

Nassim Nicholas Taleb

" You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades. "

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

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

Nassim Nicholas Taleb

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

Nassim Nicholas Taleb

" 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

" 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