More from Nassim Nicholas Taleb

  1. A casino is the only human venture I know where the probabilities are known.
  2. Forecasting by bureacrats tends to be used for anxiety relief rather than for adequate policy making.
  3. Consider that the turkey's experience may have, rather than no value, a negative value. It learned from observation, as we are all advised …
  4. [T]he same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more …
  5. We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.
  6. In practice, randomness is fundamentally incomplete information.
  7. Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
  8. [G]ain exposure to the envelope of serendipity.

All Nassim Nicholas Taleb quotes