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 TalebWe favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.
Nassim Nicholas TalebIn science you need to understand the world; in business you need others to misunderstand it.
Nassim Nicholas TalebI suspect the I.Q., SAT, and school grades are tests designed by nerds so they can get high scores in order to call each other intelligent...Smart and wise people who score low on IQ tests, or patently intellectually defective ones, like the former U.S. president George W. Bush, who score high on them (130), are testing the test and not the reverse.
Nassim Nicholas Taleb