Quote #3
[I]t does not matter how frequently something succeeds if failure is too costly to bear.
More from Nassim Nicholas Taleb
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- My major hobby is teasing people who take themselves and the quality of their knowledge too seriously and those who don't have the guts to …
- A mistake is not something to be determined after the fact, but in the light of the information until that point.
- I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
- I try to make money infrequently, as infrequently as possible simply because I believe that rare events are not fairly valued, and that the…
- The more data we have, the more likely we are to drown in it.
- At no point during his ordeal did Nero think of himself as 72% alive and 28% dead.