If 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 one puts an infinite number of monkeys in front of typewriters, and lets them clap away, there is a certainty that one of them will come out with an exact version of the 'Iliad.'
Nassim Nicholas TalebYou get pseudo-order when you seek order; you only get a measure of order and control when you embrace randomness.
Nassim Nicholas TalebIt is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.
Nassim Nicholas TalebHeroes are heroes because they are heroic in behavior, not because they won or lost.
Nassim Nicholas TalebThere is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.
Nassim Nicholas Taleb