humility 7
- Only fools optimize, since a simple model error can blow through their capital
- Empirical knowledge of rare events’ role is inversely proportional to their impact
Nassim Nicholas Taleb
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.
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What Nassim Nicholas Taleb says most about
mental models 5
- Some things gain from shocks, volatility and disorder
- What you don't know matters far more than what you do know
investing 4
- Ask people what is in their portfolio, never for their forecasts
- Depending on exposure, one can be extremely wrong and be fine, or slightly wrong and blow up
agency 2
- Seeing fraud and not calling it fraud makes you a fraud
- Heroes are heroic in behavior, not because they won or lost
happiness 2
- Missing a train only hurts if you run after it
- The aim is to live happily in a world one does not understand
ideas vs execution 2
- We respect what happened and ignore what could have happened
- We are largely better at doing than at thinking, thanks to antifragility