The narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them, or, equivalently, forcing a logical link, an arrow of relationship, upon them. Explanations bind facts together. They make them all the more easily remembered; they help them make more sense. Where this propensity can go wrong is when it increases our impression of understanding.
Nassim Nicholas TalebModernity: we created youth without heroism, age without wisdom, and life without grandeur
Nassim Nicholas TalebA Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.
Nassim Nicholas TalebWe should ban banks from risk-taking because society is going to pay the price.
Nassim Nicholas TalebIf one puts an infinite number of monkeys in front of typewriters, and lets them clap away, there is a certainty that one of them will come out with an exact version of the 'Iliad.'
Nassim Nicholas Taleb