Quotes About Opportunity

we should first make things more robust to defects and forecast errors, or even exploit these errors, making lemonade out of the lemons.

In fact, economic growth comes from such risk taking.

There are some risks we just cannot afford to take. And there are other risks (of the type academics shun) that we cannot afford to not take.

Some blindness to the odds or an obsession with their own positive Black Swan is necessary for entrepreneurs to function. The

I may never know if Onassis was skilled or lucky, though I am convinced that his charm opened doors for him

So the antifragile can lose for a long time with impunity, so long as he happens to be right once; for the fragile, a single loss can be terminal.

Luck favors the prepared

Imagine what might have happened had you not missed your train

how rich you'd be today had you liquidated your portfolio at the height of the NASDAQ bubble).

try to benefit from rare events, events that do not tend to repeat themselves frequently, but, accordingly, present a large payoff when they occur.

gives me some form of advantage.

poverty makes experiences

George Soros, a complex man who thrived on rare events

One needs to go out and buy a lottery ticket in order to win. Does it mean that the work involved in the trip to the store caused the winning?

Knowing that you cannot predict does not mean that you cannot benefit from unpredictability.

In the United States, we have a buildup of student loans that automatically transfer to these rent extractors. In a way it is no different from racketeering: one needs a decent university "name" to get ahead in life; but we know that collectively society doesn't appear to advance with organized education.

In other words, I aim at profiting from the rare event, with my asymmetric bets.

the most successful businesses are precisely those that know how to work around inherent unpredictability and even exploit it.

Uncertainty did occasionally pay off there.

Accidentul pozitiv (ca în cazul medicamentului pentru hipertensiune care a produs beneficii colaterale ce au condus apoi la Viagra) a reprezentat metoda central? a empiriÈ™tilor în descoperirea medical?. AceeaÈ™i idee poate fi generalizat? în cazul vieÈ›ii: profitaÈ›i la maxim de întâmpl?rile fericite din jur.

We need people to take (bounded) risks.

Why anything with optionality has a long-term advantage

Today's materials allow us to avoid such constraint.

chance favors the prepared