More from Nassim Nicholas Taleb

  1. At no point during his ordeal did Nero think of himself as 72% alive and 28% dead.
  2. Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
  3. The more data we have, the more likely we are to drown in it.
  4. We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.
  5. I try to make money infrequently, as infrequently as possible simply because I believe that rare events are not fairly valued, and that the…
  6. Consider that the turkey's experience may have, rather than no value, a negative value. It learned from observation, as we are all advised …
  7. I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
  8. A casino is the only human venture I know where the probabilities are known.

All Nassim Nicholas Taleb quotes