Money and Finance
- 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 (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
“…invest in preparedness, not in prediction.” –Nassim Taleb, The Black Swan ...
- Nassim Taleb Quote (prediction And Technology)
"Prediction requires knowing about technologies that will be discovered in the future. But that very knowledge would almost automatically allow us to start developing those technologies right away. Ergo, we do not know what we will know." -Nassim Taleb,...
- Nassim Taleb On Econtalk
Nassim Taleb, author of Fooled By Randomness and The Black Swan, talks with EconTalk host Russ Roberts about antifragility, the concept behind Taleb's next book, a work in progress. Taleb talks about how we can cope with our ignorance and uncertainty...
Money and Finance
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” makes you a sucker; it translates into prediction problems, as we will see in the next section. Prediction, not narration, is the real test of our understanding of the world.” –Nassim Taleb, The Black Swan
- 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 (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
“…invest in preparedness, not in prediction.” –Nassim Taleb, The Black Swan ...
- Nassim Taleb Quote (prediction And Technology)
"Prediction requires knowing about technologies that will be discovered in the future. But that very knowledge would almost automatically allow us to start developing those technologies right away. Ergo, we do not know what we will know." -Nassim Taleb,...
- Nassim Taleb On Econtalk
Nassim Taleb, author of Fooled By Randomness and The Black Swan, talks with EconTalk host Russ Roberts about antifragility, the concept behind Taleb's next book, a work in progress. Taleb talks about how we can cope with our ignorance and uncertainty...