What Nassim Nicholas Taleb thinks about investing
Former option trader and risk analyst, now a distinguished professor at NYU. Author of the Incerto essay series, including The Black Swan and Fooled by Randomness.
Nassim Nicholas Taleb did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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4 dated positions, 2008 to c. 2012, in their own words. Our reading of what Nassim Nicholas Taleb has said — not written or endorsed by them.
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Their wordsNever ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
↗Antifragile: Things That Gain from Disorder (Random House, 2012)archive.org All 14 from this book
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Our readingDepending on exposure, one can be extremely wrong and be fine, or slightly wrong and blow up
Their wordsIn some situations, you can be extremely wrong and be fine, in others you can be slightly wrong and explode.
↗The Fourth Quadrant: A Map of the Limits of Statistics (Edge, 2008)edge.org 1st of 8 in this piece
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Their wordsOnly fools (such as Banks) optimize, not realizing that a simple model error can blow through their capital (as it just did).
↗The Fourth Quadrant: A Map of the Limits of Statistics (Edge, 2008)edge.org 6th of 8 in this piece
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Their wordsDo not confuse absence of volatility with absence of risks.
↗The Fourth Quadrant: A Map of the Limits of Statistics (Edge, 2008)edge.org 8th of 8 in this piece