Nassim Nicholas Taleb Quotes about Risk

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Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition,

Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition, militarism without fortitude, progress without civilization, complication without depth, fluency without content; these are the sins to remember.

Nassim Nicholas Taleb

Civilization, Risk, Progress

FaceBook post by Nassim Nicholas Taleb from Aug 11, 2014

If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!

Nassim Nicholas Taleb

Odds, Risk, Investing

Anything that provides you with very, very stable income, very stable conditions, maybe generally stable, that often, it masks real risks, risks of blow-ups.

Nassim Nicholas Taleb

Real, Blow, Risk

Source: www.pbs.org

At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.

Nassim Nicholas Taleb

Risk, Exposure, No Point

Nassim Nicholas Taleb (2012). “Antifragile: Things That Gain from Disorder”, p.6, Random House

A country's assets reside in the tinkerers, the hobbyists, and the risk-takers.

Nassim Nicholas Taleb

Country, Risk, Assets

"Chaos Is Good for You". Interview with Linda Geddes, www.slate.com. December 2, 2012.

A system, artificially stabilized, and of course you have hidden risks under the surface, and you don't know where the risks are.

Nassim Nicholas Taleb

Risk, Surface, Courses

Source: www.pbs.org

This is the central illusion in life: that randomness is a risk, that it is a bad thing.

Nassim Nicholas Taleb

Risk, Illusion, Randomness

"Antifragile: Things That Gain from Disorder". Book by Nassim Nicholas Taleb, 2012.

Much of the research into humans' risk-avoidance machinery shows that it is antiquated and unfit for the modern world; it is made to counter repeatable attacks and learn from specifics. If someone narrowly escapes being eaten by a tiger in a certain cave, then he learns to avoid that cave.

Nassim Nicholas Taleb

Risk, Caves, Research

"Learning to Expect the Unexpected" by Nassim Nicholas Taleb, www.edge.org. April 19, 2004.

It was obvious that their profits were simply cash borrowed from destiny with some random payback time.

Nassim Nicholas Taleb

Destiny, Risk, Payback

Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.831, Random House

Philosophers talk about truth and falsehood. People in life talk about payoff, exposure, and consequences (risks and rewards), hence fragility and antifragility. And sometimes philosophers and thinkers and those who study conflate Truth with risks and rewards.

Nassim Nicholas Taleb

People, Risk, Fragility

Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.347, Random House

The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events "unlikely."

Nassim Nicholas Taleb

Government, Worry, Risk

"The Black Swan: The Impact of the Highly Improbable". Book by Nassim Nicholas Taleb, April 17, 2007.