We should ban banks from risk-taking because society is going to pay the price.
Nassim Nicholas TalebIt does not matter how frequently something succeeds if failure is too costly to bear.
Nassim Nicholas TalebIf you have more than one reason to do something (choose a doctor or veterinarian, hire a gardener or an employee, marry a person, go on a trip), just donโt do it. It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions (robust to error) require no more than a single reason.
Nassim Nicholas Taleb