Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.
Nassim Nicholas TalebThe fastest way to become rich is to socialize with the poor; the fastest way to become poor is to socialize with the rich.
Nassim Nicholas TalebMake sure that you are in a situation where the constant mistakes are small and can be used for something.
Nassim Nicholas TalebScientists don't know what they are talking about when they talk about religion. Religion has nothing to do with belief, and I don't believe it has any negative impact on people's lives outside of intolerance. Why do I go to church? It's like asking, why did you marry that woman? You make up reasons, but it's probably just smell. I love the smell of candles. It's an aesthetic thing.
Nassim Nicholas TalebThe 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 Taleb