When people say, 'I am investing for the long term,' it means they are losing money.
Catalog
Latest Quotes
Paganism is decentralized theology.
Charm is the ability to insult people without offending them; nerdiness the reverse.
At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
Over the long term, you are more likely to fool yourself than others.
A man without a heroic bent starts dying at the age of thirty.
This is the central illusion in life: that randomness is risky, that it is a bad thing—and that eliminating randomness is done by eliminating randomness.
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
My characterization of a loser is someone who, after making a mistake, doesn’t introspect, doesn’t exploit it, feels embarrassed and defensive rather than enriched with a new piece of information, and tries to explain why he made the mistake rather than moving on. These types often consider themselv…
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
My idea of the modern Stoic sage is someone who transforms fear into prudence, pain into information, mistakes into initiation, and desire into undertaking.
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
To be completely cured of newspapers, spend a year reading the previous week’s newspapers.
Anything that has more upside than downside from random events (or certain shocks) is antifragile; the reverse is fragile.
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
Religion isn’t so much about telling man that there is one God as about preventing man from thinking that he is God.
Practitioners are usually too busy practitioning to write books, articles, papers, speeches, equations, theories and get honored by Highly Constipated and Honorable Members of Academies).
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
The complex world, the notion of 'cause' itself is suspect; it is either nearly impossible to detect or not really defined—another reason to ignore newspapers, with their constant supply of causes for things.
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
The excess energy released from overreaction to setbacks is what innovates!
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.
— Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder
By definition, what works cannot be irrational; about every single person I know who has chronically failed in business shares that mental block, the failure to realize that if something stupid works (and makes money), it cannot be stupid .
Avoid taking advice from someone who gives advice for a living, unless there is a penalty for their advice.
You will never fully convince someone that he is wrong; only reality can.