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Nassim Nicholas Taleb

49 quotesEssayist · United States Of America · Male

Nassim Nicholas Taleb (Arabic: نسيم نقولا طالب&lrm;&lrm;, alternatively Nessim or Nissim, born 1960) is a Lebanese-American essayist, scholar, statistician, former trader, and risk analyst, whose work focuses on problems of randomness, probability, and uncertainty. His 2007 book The Black Swan was described in a review by The Sunday Times as one of the twelve most influential books since World War II. Taleb is an author, has been a professor at several universities, serving as Distinguished Professor of Risk Engineering at the New York University Tandon School of Engineering since September 2008, and as co-editor in chief of the academic journal, Risk and Decision Analysis since September 2014. He has also been a practitioner of mathematical finance, a hedge fund manager, a derivatives trader and is currently listed as a scientific adviser at Universa Investments. He criticized the risk management methods used by the finance industry and warned about financial crises, subsequently profiting from the late-2000s financial crisis. He advocates what he calls a "black swan robust" society, meaning a society that can withstand difficult-to-predict events. He proposes antifragility in systems, that is, an ability to benefit and grow from a certain class of random events, errors, and volatility as well as "convex tinkering" as a method of scientific discovery, by which he means that decentralized experimentation outperforms directed research. 2Early life and family background Taleb was born in Amioun, Lebanon to Minerva Ghosn and Najib Taleb, a physician/oncologist and a researcher in anthropology. His parents were Greek Orthodox Lebanese with French citizenship, and he attended a French school there, the Grand Lycée Franco-Libanais. His family saw its political prominence and wealth reduced by the Lebanese Civil War, which began in 1975. 2Education Taleb received his bachelor and master of science degrees from the University of Pari

All Deep (3)Intelligence (2)Life (2)Money (2)Investment (2)antifragile (2)Epistemology (2)Charlatans (2)Against The Media (2)Against Newspapers (1)Addiction (1)Modernity (1)Randomness (1)Greed (1)The Bigness of the World (1)

From “The Bed of Procrustes”

It takes a lot of intellect and confidence to accept that what makes sense doesn’t really make sense.

Against Logic The Bigness of the World Ever-Expanding Knowledge Systems

Trust those who are greedy for money a thousand times more than those who are greedy for credentials.

Credentialism Greed

To understand how something works, figure out how to break it.

Epistemology Understanding How Things Work Reverse Engineering

Medieval man was a cog in a wheel he did not understand; modern man is a cog in a complicated system he thinks he understands.

Medieval Times Modernity Modern Times

Failure-resistant is achievable; failure-free is not.

Failure

Many are so unoriginal they study history to find mistakes to repeat.

History Irony

Literature comes alive when covering up vices, defects, weaknesses, and confusions; it dies with every trace of preaching.

When Art Preaches Moralism In Literature

Studying neurobiology to understand humans is like studying ink to understand literature.

neurobiology Missing The Bigger Picture Examples of Similes

The difference between technology and slavery is that slaves are fully aware that they are not free.

Against Technology The Slavery of Technology

When people say, 'I am investing for the long term,' it means they are losing money.

Investing Investment

Paganism is decentralized theology.

Paganism

Charm is the ability to insult people without offending them; nerdiness the reverse.

Nerds charm Dangers of Charm

Over the long term, you are more likely to fool yourself than others.

Self-Deception Narrative Fallacy

A man without a heroic bent starts dying at the age of thirty.

Stay Young Heroic Outlook

To be completely cured of newspapers, spend a year reading the previous week’s newspapers.

Against Newspapers Against The Media Media Madness

Religion isn’t so much about telling man that there is one God as about preventing man from thinking that he is God.

Religion Humans Aren't God

The three most harmful addictions are heroin, carbohydrates, and a monthly salary.

Addiction Heroin

There are two types of people: those who try to win and those who try to win arguments. They are never the same.

arguments Deep Philosophical Two Types Of People Trope

We are hunters; we are only truly alive in those moments when we improvise; no schedule, just small surprises and stimuli from the environment.

Human Nature Impulse What Makes Us Alive Life

You are rich if and only if money you refuse tastes better than money you accept.

Money rich Wealth

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