I drive a hybrid, moving into an electric car. I only drink tap water, never consume food that's travelled.
Nassim Nicholas TalebDon't disturb complicated systems that have been around for a very long time. We don't understand their logic. Don't pollute the planet. Leave it the way we found it, regardless of scientific 'evidence'.
Nassim Nicholas TalebMissing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if thatโs what you are seeking.
Nassim Nicholas TalebIf you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
Nassim Nicholas TalebIf you sat with a pencil and jotted down all the decisions you've taken in the past week, or, if you could, over your lifetime, you would realize that almost all of them have had asymmetric payoff, with one side carrying a larger consequence than the other. You decide principally based on fragility, not probability. Or to rephrase, You decide principally based on fragility, not so much on True/False.
Nassim Nicholas Taleb