Nassim Nicholas Taleb Quotes

A country's assets reside in the tinkerers, the hobbyists, and the risk-takers.
A good maxim allows you to have the last word without even starting a conversation.
Alan Greenspan is unskilled; you don't take the unskilled seriously.
All of technology, really, is about maximizing free options.
Bailing out every bank that fails makes the system riskier, not safer.
Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
Being an economist is the least ethical profession, closer to charlatanism than any science.
Capitalism has forced everyone to overoptimize in order to compete.
Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.
Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly.
Debt is a mistake between lender and borrower, and both should suffer.
Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.
Democracies can't handle austerity measures very well.
Economics make homeopath and alternative healers look empirical and scientific.
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.
Fragility is the quality of things that are vulnerable to volatility.
Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
Governments that try to shoot for a surplus hardly ever reach it.
I am happy everywhere except in places where I see glitz and rich farts. I am happiest in Brooklyn, where the concentration of rich farts is minimal.
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Nassim Nicholas Taleb
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