Nassim Nicholas Taleb — "The most dangerous people in the world are those who have nothing to lose."
The most dangerous people in the world are those who have nothing to lose.
The most dangerous people in the world are those who have nothing to lose.
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"Those with brains and no balls become mathematicians, those with balls and no brains join the mafia, those with no balls and no brains become economists, and those with balls and brains become entrepr…"
"If you hear a 'prominent' economist using the word 'equilibrium', or 'normal distribution', do not argue with him; just ignore him."
"Never trust anyone who doesn't drink alcohol."
"Imbeciles summarize the black swan by 'shit happens.' Intelligent people say 'Let us learn how not to be a Turkey.'"
"The fastest way to become rich is to socialize with the poor; the fastest way to become poor is to socialize with the rich."
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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