Probability and expectation are not the same. Its probability and probability times the pay off.
Nassim Nicholas TalebComfort makes you weaker. We need some variability, some stressors. Not too much, but just enough.
Nassim Nicholas TalebAnother definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.
Nassim Nicholas TalebPrivate equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
Nassim Nicholas Taleb