Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.
Nassim Nicholas TalebThe American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.
Nassim Nicholas TalebThe twentieth century was the bankruptcy of the social utopia; the twenty-first will be that of the technological one.
Nassim Nicholas TalebMuch of the research into humans' risk-avoidance machinery shows that it is antiquated and unfit for the modern world; it is made to counter repeatable attacks and learn from specifics. If someone narrowly escapes being eaten by a tiger in a certain cave, then he learns to avoid that cave.
Nassim Nicholas TalebA good maxim allows you to have the last word without even starting a conversation.
Nassim Nicholas TalebThe narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them, or, equivalently, forcing a logical link, an arrow of relationship, upon them. Explanations bind facts together. They make them all the more easily remembered; they help them make more sense. Where this propensity can go wrong is when it increases our impression of understanding.
Nassim Nicholas Taleb