Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile.
Nassim Nicholas TalebForecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
Nassim Nicholas TalebNever ask a trader if he is profitable: you can easily see it in his gesture and gait.
Nassim Nicholas TalebNever think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
Nassim Nicholas TalebIf you have more than one reason to do something (choose a doctor or veterinarian, hire a gardener or an employee, marry a person, go on a trip), just donโt do it. It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions (robust to error) require no more than a single reason.
Nassim Nicholas Taleb