A system, artificially stabilized, and of course you have hidden risks under the surface, and you don't know where the risks are.
Nassim Nicholas TalebThe imagination of the genius vastly surpasses his intellect; the intellect of the academic vastly surpasses his imagination
Nassim Nicholas TalebIt does not matter how frequently something succeeds if failure is too costly to bear.
Nassim Nicholas TalebUmberto Eco is the owner of a large personal library of almost 30,000 books that he has not read. [To him] read books are far less valuable than unread ones.
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 TalebFew understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility; it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.
Nassim Nicholas Taleb