Nassim Nicholas Taleb — "The problem with 'experts' is that they're often optimized for telling a good st…"
The problem with 'experts' is that they're often optimized for telling a good story, not for accurate prediction.
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More from Nassim Nicholas Taleb
"Beware of people who always agree with you."
"The more you try to optimize, the more fragile you become."
"The worst thing you can do is give advice to someone who doesn't want it."
"So long as you see the picture of Larry Summers going to Davos, you have to stay short U.S. Treasuries for another year. It means they [the Obama administration] don't know what's going on."
"Prediction is a fool's errand."