My point taken further is that True and False (hence what we call "belief") play a poor, secondary role in human decisions; it is the payoff from the True and the False that dominates-and it is almost always asymmetric, with one consequence much bigger than the other, i.e., harboring positive and negative asymmetries (fragile or antifragile). Let me explain.
Nassim Nicholas TalebBitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
Nassim Nicholas TalebBankers, they're not harmed by their mistakes. They benefit when things go right, and the society pays the price.
Nassim Nicholas TalebWe should ban banks from risk-taking because society is going to pay the price.
Nassim Nicholas Taleb