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| Link | Quote | Stars | Tags | Author |
| 2720214 | Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age eighteen. | Nassim Nicholas Taleb | ||
| 12689f0 | It took us a while to discover that we do effectively think, but that we more readily narrate backward in order to give ourselves the illusion of understanding, and give a cover to our past actions. | past-actions thinking | Nassim Nicholas Taleb | |
| 6204dc8 | Know how to rank your beliefs not according to their plausibility but by the harm they may cause. | plausibility harm | Nassim Nicholas Taleb | |
| 4143637 | But simplicity is not so simple to attain. Steve Jobs figured out that "you have to work hard to get your thinking clean to make it simple." The Arabs have an expression for trenchant prose: no skill to understand it, mastery to write it. Heuristics" | Nassim Nicholas Taleb | ||
| 2afe4fd | Being an executive does not require very developed frontal lobes, but rather a combination of charisma, a capacity to sustain boredom, and the ability to shallowly perform on harrying schedules. Add to these tasks the "duty" of attending opera performances. The" | Nassim Nicholas Taleb | ||
| 3ac3efa | One needs to go out and buy a lottery ticket in order to win. Does it mean that the work involved in the trip to the store caused the winning? | Nassim Nicholas Taleb | ||
| 530cbff | Mathematics is not just a "numbers game," it is a way of thinking." | Nassim Nicholas Taleb | ||
| 821bdb0 | If my brain can tell the difference between noise and signal, my heart cannot. Such | Nassim Nicholas Taleb | ||
| 5a5f031 | In fact, the reason I felt immediately at home in America is precisely because American culture encourages the process of failure, unlike the cultures of Europe and Asia where failure is met with stigma and embarrassment. America's specialty is to take these small risks for the rest of the world, which explains this country's disproportionate share in innovations. Once established, an idea or a product is later "perfected" over there. Volat.. | Nassim Nicholas Taleb | ||
| 548edf2 | If you are looking for your misplaced wallet in your living room, in a trial and error mode, you exercise rationality by not looking in the same place twice. In | Nassim Nicholas Taleb | ||
| 288f373 | Light control works; close control leads to overreaction, sometimes causing the machinery to break into pieces. In a famous paper "On Governors," published in 1867, Maxwell modeled the behavior and showed mathematically that tightly controlling the speed of engines leads to instability." -- | Nassim Nicholas Taleb | ||
| 967fa7f | I wonder why people don't realize the simple truism, that is, the fooled by randomness effect: mistaking the merely associative for the causal, that is, if rich countries are educated, immediately inferring that education makes a country rich, without even checking. Epiphenomenon | Nassim Nicholas Taleb | ||
| 496586b | second category, practitioners who, instead of studying future events, try to understand how things react to volatility (but practitioners are usually too busy practitioning to write books, articles, papers, speeches, equations, theories and get honored by Highly Constipated and Honorable Members of Academies). The difference between the two categories is central: as we saw, it is much easier to understand if something is harmed by volatili.. | Nassim Nicholas Taleb | ||
| f86074a | As shown from the track record of the prophets: before you are proven right, you will be reviled; after you are proven right, you will be hated for a while, or, what's worse, your ideas will appear to be "trivial" thanks to retrospective distortion." | Nassim Nicholas Taleb | ||
| 1cfa107 | Nietzsche had the Latin pun aut liberi, aut libri--either children or books, both information that carries through the centuries. | Nassim Nicholas Taleb | ||
| 0d37c5d | The narrative fallacy, Bezos explained, was a term coined by Nassim Nicholas Taleb in his 2007 book The Black Swan to describe how humans are biologically inclined to turn complex realities into soothing but oversimplified stories. | Brad Stone | ||
| b6412da | We are built to be dupes for theories. But theories come and go; experience stays. Explanations | Nassim Nicholas Taleb | ||
| fbbc84c | The future ain't what it used to be," Berra" | Nassim Nicholas Taleb | ||
| 86ae9f9 | I did not feel ill, Symmache; now I do (after your ministrations)." (Non habui febrem, Symmache, nunc habeo)." | Nassim Nicholas Taleb | ||
| a1d0f2c | not matching the idea of success others expect from you is only painful if that's what you are seeking. | Nassim Nicholas Taleb | ||
| 39a2492 | But simplicity is not so simple to attain. Steve Jobs figured out that "you have to work hard to get your thinking clean to make it simple." The Arabs have an expression for trenchant prose: no skill to understand it, mastery to write it." | Nassim Nicholas Taleb | ||
| caf8a3e | Much of aging comes from a misunderstanding of the effect of comfort--a disease of civilization: make life longer and longer, while people are more and more sick. | Nassim Nicholas Taleb | ||
| 2a5b812 | Sosiaalinen media on vakavasti epasosiaalinen, terveysruoat ovat empiirisesti epaterveellisia, tietotyolaiset ovat erittain tietamattomia ja sosiaalitieteet eivat ole millaan tavalla tieteellisia. | Nassim Nicholas Taleb | ||
| 5b7a5f1 | We have to accept the fuzziness of the familiar "because" no matter how queasy it makes us feel (and it does makes us queasy to remove the analgesic illusion of causality)." | Nassim Nicholas Taleb | ||
| 9228619 | It does not mean that one's personal experiences constitute a sufficient sample to derive a conclusion about an idea; it is just that one's personal experience gives the stamp of authenticity and sincerity of opinion. Experience is devoid of the cherry-picking that we find in studies, particularly those called "observational," ones in which the researcher finds past patterns, and, thanks to the sheer amount of data, can therefore fall into .. | Nassim Nicholas Taleb | ||
| 4f14389 | Further, many writers and scholars speak in private, say, after half a bottle of wine, differently from the way they do in print. Their writing is certifiably fake, fake. And many of the problems of society come from the argument "other people are doing it." So if I call someone a dangerous ethically challenged fragilista in private after the third glass of Lebanese wine (white), I will be obligated to do so here." | Nassim Nicholas Taleb | ||
| ba74471 | Indeed we rarely look at religion's benefits in limiting the intervention bias and its iatrogenics: in a large set of circumstances (marginal disease), anything that takes you away from the doctor and allows you to do nothing (hence gives nature a chance to do its work) will be beneficial. So | Nassim Nicholas Taleb | ||
| 7f18957 | All I hear is how to live longer, richer, and, of course, more laden with electronic gadgets. We are not the first generation to believe that the worst possible thing to befall us is death. But for the ancients, the worst possible outcome was not death, but a dishonorable death, or even just a regular one. For a classical hero, dying in a retirement home with a rude nurse and a network of tubes coming into and out of your nose would not be .. | Nassim Nicholas Taleb | ||
| b79d325 | All I hear is how to live longer, richer, and, of course, more laden with electronic gadgets. We are not the first generation to believe that the worst possible thing to befall us is death. But for the ancients, the worst possible outcome was not death, but a dishonorable death, or even just a regular one. For a classical hero, dying in a retirement home with a rude nurse and a network of tubes coming into and out of your nose would not be .. | Nassim Nicholas Taleb | ||
| 0a3c62a | Prepare Your Trading Plan "You got to be very careful if you don't know where you are going, because you might not get there." -- Nicholas Nassim Taleb in The Black Swan Based on your temperament and your trading capital, you must lay out a trading plan. Now, what is a trading plan? The plan defines what you will trade, how you will trade, how and when you will enter or exit, etc. Thus, your trading plan would include some parameters on wha.. | Ashu Dutt | ||
| 5bc9ec4 | For instance, few realize that we are changing the brains of schoolchildren through medication in order to make them adjust to the curriculum, rather than the reverse. | Nassim Nicholas Taleb | ||
| aa5edcd | Latin saying that sophistication is born out of hunger (artificia docuit fames). | Nassim Nicholas Taleb | ||
| 0b28616 | Engineers can compute but not define, mathematicians can define but not compute, economists can neither define nor compute. | Nassim Nicholas Taleb | ||
| f35470b | Heikot toimivat tarpeidensa mukaan, vahvemmat velvollisuutensa. | Nassim Nicholas Taleb | ||
| 3654c56 | Sanallinen uhka on aidon voimattomuuden sertifikaatti. | Nassim Nicholas Taleb | ||
| 194598b | system that overcompensates is necessarily in overshooting mode, | Nassim Nicholas Taleb | ||
| ef52be9 | He provides the example of a philosopher who puzzles about the reality of time, but who nonetheless applies for a research grant to work on the philosophical problem of time during next year's sabbatical--without doubting the reality of next year's arrival. | Nassim Nicholas Taleb | ||
| e7d0985 | Koulutus tekee viisaasta hieman viisaamman, mutta holmosta valtavasti vaarallisemman. | Nassim Nicholas Taleb | ||
| 7feab5e | To see how transfer of antifragility works, consider two scenarios, in which the market does the same thing on average but following different paths. Path 1: market goes up 50 percent, then goes back down to erase all gains. Path 2: market does not move at all. Visibly Path 1, the more volatile, is more profitable to the managers, who can cash in their stock options. So the more jagged the route, the better it is for them. And of course soc.. | Nassim Nicholas Taleb | ||
| 5f981f3 | Kun nainen huutaa, etta tekosi oli anteeksiantamaton, han on jo alkanut antaa anteeksi. | Nassim Nicholas Taleb | ||
| 63e07b7 | Nykyaika: loimme nuoruuden ilman sankaruutta, ian ilman viisautta ja elaman ilman loistoa. | Nassim Nicholas Taleb | ||
| 1d41bab | Consider the iatrogenics of newspapers. They need to fill their pages every day with a set of news items--particularly those news items also dealt with by other newspapers. But to do things right, they ought to learn to keep silent in the absence of news of significance. Newspapers should be of two-line length on some days, two hundred pages on others--in proportion with the intensity of the signal. But of course they want to make money and.. | Nassim Nicholas Taleb | ||
| 7209efb | innovation and sophistication spark from initial situations of necessity, in ways that go far beyond the satisfaction of such necessity | Nassim Nicholas Taleb | ||
| 6b04e33 | with a Latin saying that sophistication is born out of hunger (artificia docuit fames). | Nassim Nicholas Taleb |