Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile.
Nassim Nicholas TalebA mistake is not something to be determined after the fact, but in the light of the information until that point.
Nassim Nicholas TalebFailure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
Nassim Nicholas Taleb