Quotes from Nassim Nicholas Taleb

And one needs to be rational in not making trial and error completely random.

Traders were replaced by computers, for very small visible benefits and massively large risks.

I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative," John Stuart Mill once complained.

we do not have the mental power to absorb all information and tend to be confused by details)

Another forgotten property of stressors is in language acquisition—I don't know anyone who ever learned to speak his mother tongue in a textbook, starting with grammar and, checked by biquarterly exams, systematically fitting words to the acquired rules.

many people become long-term investors after they lose money, postponing their decision to sell as part of their denial.

In their aftermath, who got the recognition?

Because your memory is limited and filtered, you will be inclined to remember those data that subsequently match the facts

Though I keep trying to convince her of my internal humility and insecurity concealed under a confident exterior;

A ESTRATÉGIA BARBELL DE SÊNECA Isso nos leva à solução

Nobody accepts randomness in his own success, only in his failure.

getting a lot of "timely" statistics are capable of overreacting and mistaking noise for information—

But this clearly left me to seek ego fulfillment elsewhere.

While errors made by traders are confined and distributed, those made by computerized systems go wild

I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative," John Stuart Mill once complained. This problem is chronic: if you tell people that the key to success is not always skills, they think that you are telling them that it is never skills, always luck.

as to what to do in the event of losses.

though being forced to read for lack of other activities is not as enjoyable as

all these considerations disappear because you have your mind on much bigger and better things.

that we generally take risks not out of bravado but out of ignorance and blindness to probability!

what I was given to study in school I have forgotten; what I decided to read on my own, I still remember.

Our brain is not cut out for nonlinearities. Our emotional apparatus is designed for linear causality. This is why there are routes to success that are nonrandom, but very few people have the mental stamina to follow them.

There is an element of deceit associated with interventionism, accelerating in a professionalized society. It's much easier to sell "Look what I did for you" than "Look what I avoided for you." Of course a bonus system based on "performance" exacerbates the problem.

they needed additional safety features and scrambled to add them, at any cost.

The strength of the computer entrepreneur Steve Jobs was precisely in distrusting market research and focus groups—those based on asking people what they want—and following his own imagination. His modus was that people don't know what they want until you provide them with it.