Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
Nassim Nicholas TalebEconomics make homeopath and alternative healers look empirical and scientific.
Nassim Nicholas TalebWe cannot truly plan, because we do not understand the future-but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts.
Nassim Nicholas TalebBanks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
Nassim Nicholas Taleb