Many people keep deploring the low level of formal education in the United states (as defined by, say, math grades). Yet these fail to realize that the new comes from here and gets imitated elsewhere. And it is not thanks to universities, which obviously claim a lot more credit than their accomplishments warrant. Like Britain in the Industrial Revolution, America's asset is, simply, risk taking and the use of optionality, this remarkable ability to engage in rational forms fo trial and error, with no comparative shame in failing again, starting again, and repeating failure.
Nassim Nicholas TalebI hated school because I liked to daydream and the system tried to stop me from that.
Nassim Nicholas TalebWhat we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
Nassim Nicholas TalebThe fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.
Nassim Nicholas Taleb