I 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 TalebDeficits are like putting dynamite in the hands of children. They can get out of control very quickly.
Nassim Nicholas TalebI always remind myself that what one observes is at best a combination of variance and returns, not just returns.
Nassim Nicholas TalebHard work will get you a professorship or a BMW. You need both work and luck for a Booker, a Nobel or a private jet.
Nassim Nicholas TalebProbability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
Nassim Nicholas Taleb