If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.
Nassim Nicholas TalebThe central idea in The Black Swan is that: rare events cannot be estimated from empirical observation since they are rare.
Nassim Nicholas TalebCharacter is proportionate to N, the number of consecutive failures without being discouraged, or equivalently, the number of successive rejections without being intimidated.
Nassim Nicholas Taleb