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Nassim Nicholas Taleb Quotes about Past

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The same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.

The same past data can confirm a theory and its exact opposite! If you survive until tomorrow, it could mean that either a) you are more likely to be immortal or b) that you are closer to death.

Nassim Nicholas Taleb
Mean, Past, Opposites
Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.1023, Random House

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 Taleb
Past, Bankers, Banking

If you sat with a pencil and jotted down all the decisions you've taken in the past week, or, if you could, over your lifetime, you would realize that almost all of them have had asymmetric payoff, with one side carrying a larger consequence than the other. You decide principally based on fragility, not probability. Or to rephrase, You decide principally based on fragility, not so much on True/False.

Nassim Nicholas Taleb
Taken, Past, Decision

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