Money and Finance
- Nassim Taleb Quote
The quote below is from The Black Swan, and I rediscovered the quote in THIS great post from Jana Vembunarayanan where he discussed what he learned from the Big History Project: "I am sometimes taken aback by how people can have a miserable day or get...
- Nassim Taleb Quote
“You cannot say with any reliability that a certain remote event or shock is more likely than another (unless you enjoy deceiving yourself), but you can state with a lot more confidence that an object or a structure is more fragile than another should...
- 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,...
- Nassim Taleb Quote
“Seize any opportunity, or anything that looks like opportunity. They are rare, much rarer than you think. Remember that positive Black Swans have a necessary first step: you need to be exposed to them. Many people do not realize that they are getting...
- Nassim Taleb Quote On Focus
“To be able to focus is a great virtue if you are a watch repairman, a brain surgeon, or a chess player. But the last thing you need to do when you deal with uncertainty is to “focus” (you should tell uncertainty to focus, not us). This “focus”...
Money and Finance
Nassim Taleb quote (focus on consequences)
“The probabilities of very rare events are not computable; the effect of an event on us is considerably easier to ascertain (the rarer the event, the fuzzier the odds). We can have a clear idea of the consequences of an event, even if we do not know how likely it is to occur….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 Swan
- Nassim Taleb Quote
The quote below is from The Black Swan, and I rediscovered the quote in THIS great post from Jana Vembunarayanan where he discussed what he learned from the Big History Project: "I am sometimes taken aback by how people can have a miserable day or get...
- Nassim Taleb Quote
“You cannot say with any reliability that a certain remote event or shock is more likely than another (unless you enjoy deceiving yourself), but you can state with a lot more confidence that an object or a structure is more fragile than another should...
- 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,...
- Nassim Taleb Quote
“Seize any opportunity, or anything that looks like opportunity. They are rare, much rarer than you think. Remember that positive Black Swans have a necessary first step: you need to be exposed to them. Many people do not realize that they are getting...
- Nassim Taleb Quote On Focus
“To be able to focus is a great virtue if you are a watch repairman, a brain surgeon, or a chess player. But the last thing you need to do when you deal with uncertainty is to “focus” (you should tell uncertainty to focus, not us). This “focus”...