The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.
Nassim Nicholas TalebMuscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition, militarism without fortitude, progress without civilization, complication without depth, fluency without content; these are the sins to remember.
Nassim Nicholas TalebHard work will get you a professorship or a BMW. You need both work and luck for a Booker, a Nobel or a private jet.
Nassim Nicholas TalebIf you are in banking and lending, surprise outcomes are likely to be negative for you.
Nassim Nicholas Taleb