Quote #11

Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.

More from Nassim Nicholas Taleb

  1. Science evolves from funeral to funeral.
  2. We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.
  3. At no point during his ordeal did Nero think of himself as 72% alive and 28% dead.
  4. Consider that the turkey's experience may have, rather than no value, a negative value. It learned from observation, as we are all advised …
  5. The more data we have, the more likely we are to drown in it.
  6. A casino is the only human venture I know where the probabilities are known.
  7. I try to make money infrequently, as infrequently as possible simply because I believe that rare events are not fairly valued, and that the…
  8. Probability is a liberal art.

All Nassim Nicholas Taleb quotes