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...
- 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
“We humans are the victims of an asymmetry in the perception of random events. We attribute our successes to our skills, and our failures to external events outside our control, namely to randomness. We feel responsible for the good stuff, but not for...
- Nassim Taleb Quote
"Narrative, as well as its associated mechanism of salience of the sensational fact, can mess up our projection of the odds." -Nassim Taleb, The Black Swan ...
- Nassim Taleb Quote
"But promoting philosophical skepticism is not quite the mission of this book. If awareness of the Black Swan problem can lead us into withdrawal and extreme skepticism, I take here the exact opposite direction. I am interested in deeds and true empiricism....I...
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 angry because they feel cheated by a bad meal, cold coffee, a social rebuff or a rude reception. We are quick to forget that just being alive is an extraordinary piece of good luck, a remote event, a chance of occurrence of monstrous proportions. Imagine a speck of dust next to a planet a billion times the size of earth. The speck of dust represents the odds in favor of your being born; the huge planet would be the odds against it. So stop sweating the small stuff. Don’t be like the ingrate who got a castle as a present and worried about the mildew in the bathroom. Stop looking at the gift horse in the mouth – remember you are a Black Swan." -Nassim Taleb
- 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...
- 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
“We humans are the victims of an asymmetry in the perception of random events. We attribute our successes to our skills, and our failures to external events outside our control, namely to randomness. We feel responsible for the good stuff, but not for...
- Nassim Taleb Quote
"Narrative, as well as its associated mechanism of salience of the sensational fact, can mess up our projection of the odds." -Nassim Taleb, The Black Swan ...
- Nassim Taleb Quote
"But promoting philosophical skepticism is not quite the mission of this book. If awareness of the Black Swan problem can lead us into withdrawal and extreme skepticism, I take here the exact opposite direction. I am interested in deeds and true empiricism....I...