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" 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
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" We humans lack imagination, to the point of not even knowing what tomorrow's important things will look like. "
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" The grandchildren should not bear the debts of the grandparents. "
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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. "
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" 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. "
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" I'm a private intellectual, not a public one. "
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" 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. "
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" The next time you experience a blackout, take some solace by looking at the sky. You will not recognize it. "
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" I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries. "
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" Paul Krugman is a danger to society! "
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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. "
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" Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly. "
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" 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. "
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" What America does best is produce the ability to accept failure. "
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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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" 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'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. "
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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. "
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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 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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" 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. "
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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. "
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" In the United States, large corporations control some members of Congress. All this does is delay the corporation's funeral at our expense. "
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" Nature builds things that are antifragile. In the case of evolution, nature uses disorder to grow stronger. Occasional starvation or going to the gym also makes you stronger, because you subject your body to stressors and gain from them. "
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" 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. "
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" 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. "
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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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" When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters. "
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