Money and Finance
- Inequality, Free Markets, And Crashes - By Nassim Taleb & Mark Spitznagel
Link to: Inequality, Free Markets, and CrashesNassim Taleb and Mark Spitznagel talk about how government intervention postpones the inevitable. Mark Spitznagel and Nassim Taleb started the first equity tail-hedging firm in 1999. Since then these...
- Nassim Taleb Quote
“The problem here is the notion of “better,” this focus on skills as leading to success. Random outcomes, or an arbitrary situation, can also explain success, and provide the initial push that leads to a winner-take-all result. A person can get...
- Nassim Taleb Quote
“This idea that in order to make a decision you need to focus on the consequences (which you can know) rather than the probability (which you can’t know) is the central idea of uncertainty. Much of my life is based on it.” –Nassim Taleb, The Black...
- Nassim Taleb Quotes (the Unexpected And The "unknown Unknown")
“Plans fail because of what we have called tunneling, the neglect of sources of uncertainty outside the plan itself…..The unexpected almost always pushes in a single direction: higher costs and a longer time to completion. On very rare occasions,...
- Nassim Taleb On Silent Evidence
"Silent evidence pervades everything connected to the notion of history." -Nassim Taleb, The Black Swan ...
Money and Finance
Nassim Taleb quote (asymmetry)
“Put yourself in situations where favorable consequences are much larger than unfavorable ones…Indeed, the notion of asymmetric outcomes is the central idea of this book: I will never get to know the unknown since, by definition, it is unknown. However, I can always guess how it might affect me, and I should base my decisions around that.” –Nassim Taleb, The Black Swan
- Inequality, Free Markets, And Crashes - By Nassim Taleb & Mark Spitznagel
Link to: Inequality, Free Markets, and CrashesNassim Taleb and Mark Spitznagel talk about how government intervention postpones the inevitable. Mark Spitznagel and Nassim Taleb started the first equity tail-hedging firm in 1999. Since then these...
- Nassim Taleb Quote
“The problem here is the notion of “better,” this focus on skills as leading to success. Random outcomes, or an arbitrary situation, can also explain success, and provide the initial push that leads to a winner-take-all result. A person can get...
- Nassim Taleb Quote
“This idea that in order to make a decision you need to focus on the consequences (which you can know) rather than the probability (which you can’t know) is the central idea of uncertainty. Much of my life is based on it.” –Nassim Taleb, The Black...
- Nassim Taleb Quotes (the Unexpected And The "unknown Unknown")
“Plans fail because of what we have called tunneling, the neglect of sources of uncertainty outside the plan itself…..The unexpected almost always pushes in a single direction: higher costs and a longer time to completion. On very rare occasions,...
- Nassim Taleb On Silent Evidence
"Silent evidence pervades everything connected to the notion of history." -Nassim Taleb, The Black Swan ...