Nassim Nicholas Taleb — "If you hear a 'prominent' economist using the word 'equilibrium', or 'normal dis…"
If you hear a 'prominent' economist using the word 'equilibrium', or 'normal distribution', do not argue with him; just ignore him.
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More from Nassim Nicholas Taleb
"Imbeciles summarize the black swan by 'shit happens.' Intelligent people say 'Let us learn how not to be a Turkey.'"
"Sophisticated minds adopt simplified lifestyles."
"The three most addictive substances on earth are heroin, carbohydrates, and a monthly salary."
"Never trust a man who reads the newspaper to get information. Trust the one who reads it to find out what opinions are being pushed."
"The best way to detect a charlatan is to see how they react to criticism. They will attack the messenger."
About Nassim Nicholas Taleb (born 1960)
Lebanese-American probabilist and The Black Swan (2007) author whose work on tail risk and antifragility reshaped finance and policy thinking. Closely associated with Benoit Mandelbrot (fractal mathematician, Taleb's mentor figure). For an intellectual contrast, see Steven Pinker, Harvard psychologist and The Better Angels of Our Nature author — Taleb has spent the 2010s publicly attacking Pinker's data-driven 'things are getting better' optimism as naive Gaussian thinking under fat-tailed reality — the loudest public statistics argument of the decade.
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