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| Link | Quote | Stars | Tags | Author |
| 7912ece | What sounds intelligent in a conversation or a meeting, or, particularly, in the media, is suspicious. | Nassim Nicholas Taleb | ||
| 1e039cf | it did not so much judge the quality of a trader's performance as encourage him to game the system by working for short-term profits at the expense of possible blowups--like | Nassim Nicholas Taleb | ||
| 1b8105b | The entire notion of biography is grounded in the arbitrary ascription of a causal relation between specified traits and subsequent events. Now | Nassim Nicholas Taleb | ||
| 9bb2ce7 | By the mechanism of retrospective determinism we will find the "cause"--actually," | Nassim Nicholas Taleb | ||
| ae30766 | At the limit, you can decide whether to be (relatively) poor, but free of your time, or rich but as dependent as a slave. | Nassim Nicholas Taleb | ||
| e0d35eb | gravest of all manifestations of silent evidence, the illusion of stability. The | Nassim Nicholas Taleb | ||
| d1060e0 | The bias lowers our perception of the risks we incurred in the past, particularly for those of us who were lucky to have survived them. Your | Nassim Nicholas Taleb | ||
| e6e38ea | The major problem with inference in general is that those whose profession is to derive conclusions from data often fall into the trap faster and more confidently than others. The more data we have, the more likely we are to drown in it. For | Nassim Nicholas Taleb | ||
| 7626153 | A novel, a story, a myth, or a tale, all have the same function: they spare us from the complexity of the world and shield us from its randomness. Myths impart order to the disorder of human perception and the perceived "chaos of human experience." | Nassim Nicholas Taleb | ||
| 48debab | Knowledge, even when it is exact, does not often lead to appropriate actions because we tend to forget what we know, or forget how to process it properly if we do not pay attention, even when we are experts. Statisticians, | Nassim Nicholas Taleb | ||
| 433b01d | Contrary to conventional wisdom, our body of knowledge does not increase from a series of confirmatory observations, like | Nassim Nicholas Taleb | ||
| 0a74ab2 | So we can learn a lot from data--but not as much as we expect. Sometimes a lot of data can be meaningless; at other times one single piece of information can be very meaningful. It | Nassim Nicholas Taleb | ||
| a076082 | naive empiricism--successions of anecdotes selected to fit a story do not constitute evidence. Anyone | Nassim Nicholas Taleb | ||
| 9af74fc | positive Black Swans have a necessary first step: you need to be exposed to them. Many people do not realize that they are getting a lucky break in life when they get it. If | Nassim Nicholas Taleb | ||
| 6448d0c | Beware of precise plans by governments. As | Nassim Nicholas Taleb | ||
| 6319f04 | No one in particular is a good predictor of anything. Sorry. | Nassim Nicholas Taleb | ||
| 9e2b257 | My, liudi, ne prosto kraine poverkhnostny (eto eshche mozhno bylo by kakto ispravit') -- my ochen' nespravedlivy. | Nassim Nicholas Taleb | ||
| ab92ebc | My prevoznosim tekh, ch'i imena popali na stranitsy uchebnikov istorii, -- za schet tekh, ch'i dostizheniia proshli mimo istorikov. My, | Nassim Nicholas Taleb | ||
| 5e42d64 | Aside from France, I was baffled by the puzzle of Sweden and other Nordic states, which are often offered as paragons of the large state "that works"--the government represents a large portion of the total economy. How could we have the happiest nation in the world, Denmark (assuming happiness is both measurable and desirable), and a monstrously large state? Is it that these countries are all smaller than the New York metropolitan area? Unt.. | Nassim Nicholas Taleb | ||
| 2702b9b | Too often, corporate strategy is built on the misguided notion that we can reliably predict the future. Nassim Nicholas Taleb, one of the most cogent writers on the illusion of predictability, has said, "We cannot truly plan, because we do not understand the future--but this is not necessarily bad news. We could plan while bearing in mind such limitations. It just takes guts." | Brian J. Robertson | ||
| 89a5c90 | your happiness depends far more on the number of instances of positive feelings, what psychologists call "positive affect," than on their intensity when they hit. In" | Nassim Nicholas Taleb | ||
| 67c5f24 | The biologist and intellectual E. O. Wilson was once asked what represented the most hindrance to the development of children; his answer was the soccer mom [helicopter parent]....They try to eliminate the trial and error from children's lives and transform them into nerds working on preexisting (parent-compatible) maps of reality. They are good students, but nerds--that is, they are like computers, except slower. Further, they are totally .. | Nassim Nicholas Taleb | ||
| 5bb8cfc | After things got bad for him, they somehow recovered by some invisible hand, and he was led to believe that it was his intrinsic property to recover from hardships by running every time into a new opportunity. He | Nassim Nicholas Taleb | ||
| adcbdc1 | The fact that you survived is a condition that may weaken your interpretation of the properties of the survival, including the shallow notion of "cause." | Nassim Nicholas Taleb | ||
| b226b3f | The turkey problem can be generalized to any situation where the same hand that feeds you can be the one that wrings your neck. Consider | Nassim Nicholas Taleb | ||
| fc51368 | major ramification of the ludic fallacy: how those whose job it is to make us aware of uncertainty fail us and divert us into bogus certainties through the back door. | Nassim Nicholas Taleb | ||
| 6712f17 | The reference point argument is as follows: do not compute odds from the vantage point of the winning gambler (or the lucky Casanova, or the endlessly bouncing back New York City, or the invincible Carthage), but from all those who started in the cohort. Consider | Nassim Nicholas Taleb | ||
| 53c9cc8 | my antidote to Black Swans is precisely to be noncommoditized in my thinking. But | Nassim Nicholas Taleb | ||
| 2f73d7b | In finance, for instance, people use flimsy theories to manage their risks and put wild ideas under "rational" scrutiny." | Nassim Nicholas Taleb | ||
| 156273a | Nobody knew anything, but elite thinkers thought that they knew more than the rest because they were elite thinkers, and | Nassim Nicholas Taleb | ||
| d689723 | You have far more control over your life if you decide on your criterion by yourself. | Nassim Nicholas Taleb | ||
| 4c7985a | Categorizing is necessary for humans, but it becomes pathological when the category is seen as definitive, preventing people from considering the fuzziness of boundaries, let alone revising their categories. Contagion | Nassim Nicholas Taleb | ||
| 6c30ee7 | bottom-up political systems, and | Nassim Nicholas Taleb | ||
| 987fc93 | Per lo studioso e leader religioso arabo 'Ali ibn Abi Talib (che non e un mio parente), mantenere le distanze da una persona ignorante equivale a stare in compagnia di un saggio. | Nassim Nicholas Taleb | ||
| 1e50bc5 |
Steve Jobs: < |
Nassim Nicholas Taleb | ||
| 9dee4af | It is quite perplexing that those from whom we have benefited the most aren't those who have tried to help us (say with "advice") but rather those who have actively tried--but eventually failed--to harm us." | Nassim Nicholas Taleb | ||
| e796e57 | This does not mean we cannot talk about causes; there are ways to escape the narrative fallacy. How? By making conjectures and running experiments, or as we shall see in Part Two (alas) by making testable predictions. The psychology experiments I am discussing here do so: They suggest a problem, and run a test. | Nassim Nicholas Taleb | ||
| 471b97a | Harvard is like a Vuitton bag or a Cartier watch. It is a huge drag on the middle-class parents who have been plowing an increased share of their savings into these institutions, transferring their money to administrators, real estate developers, professors, and other agents. In the United States, we have a buildup of student loans that automatically transfer to these rent extractors. In a way it is no different from racketeering: one needs.. | Nassim Nicholas Taleb | ||
| 723e4b9 | Those who talk about books as commodities are inauthentic, just as those who collect acquaintances can be superficial in their friendships. A novel you like resembles a friend. You read it and reread it, getting to know it better. Like a friend, you accept it the way it is; you do not judge it. | Nassim Nicholas Taleb | ||
| a46ee9b | Ricordate questa massima: non sto dicendo che le tecnologie non invecchiano, ma solo che le tecnologie che tendevano a invecchiare sono gia morte. | Nassim Nicholas Taleb | ||
| a85bb5f | The stock exchanges have converted from "open outcry" where wild traders face each other, yelling and screaming as in a souk, then go drink together. Traders were replaced by computers, for very small visible benefits and massively large risks. While errors made by traders are confined and distributed, those made by computerized systems go wild--in August 2010, a computer error made the entire market crash (the "flash crash"); in August 201.. | Nassim Nicholas Taleb | ||
| d57e17c | Questo stimolo all'acquisto di cose nuove che sono destinate a perdere le loro caratteristiche di novita, soprattutto se paragonate a quelle ancora piu nuove, viene definito effetto tapis roulant (treadmill). Come il lettore puo intuire, nasce dalla stessa fonte di bias trattata nel paragrafo precedente (la tendenza a concentrarsi sulle variazioni): notiamo le differenze e ci sentiamo insoddisfatti di alcuni oggetti e tipologie di prodotti... | Nassim Nicholas Taleb | ||
| 50a96d6 | Ainoa asia, jota onnetar ei saatele, on kayttaytymiseni. | Nassim Nicholas Taleb | ||
| 3282300 | Scranton showed that we have been building and using jet engines in a completely trial-and-error experiential manner, without anyone truly understanding the theory. Builders | Nassim Nicholas Taleb |