An erudite is someone who displays less than he knows; a journalist or consultant the opposite.
Nassim Nicholas TalebJanet Yellen at the FED is equivalent to having a biology schoolteacher who has never seen blood perform brain surgery.
Nassim Nicholas TalebProbability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
Nassim Nicholas Taleb