Nassim Nicholas Taleb — "The problem with smart people is that they think they can outsmart randomness."
The problem with smart people is that they think they can outsmart randomness.
The problem with smart people is that they think they can outsmart randomness.
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"Never trust a statistician."
"The average person is not interested in truth, but in comfort."
"The more you try to explain something, the less people understand it."
"Never trust a man who uses the word 'paradigm'."
"Someone who says 'I am busy' is either declaring incompetence (and lack of control of his life) or trying to get rid of you."
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.
Book: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Date: 2001
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