Because what matters in life isn't how frequently one is ri… - Nassim Nicholas Taleb

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Because what matters in life isn't how frequently one is right about outcomes, but how much one makes when one is right. Being wrong, when it is not costly, doesn't countin a way thats similar to trial-and-error mechanisms of research.

Nassim Nicholas Taleb

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About Nassim Nicholas Taleb

Nassim Nicholas Taleb (born 1 January 1960 in Amioun, Lebanon) is an essayist, epistemologist, researcher, and former practitioner of mathematical finance.

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Robert A. Heinlein Isaac Asimov Mark Twain George Bernard Shaw Cory Doctorow

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To explain LOCALISM: On August 6, 1806, the Holy Roman Empire was abolished. Goethe noted that day that the people staying in the same inn as him were far more interested in the quarrel between their coachman and the innkeeper than in its demise.

This is one of the many reasons that journalism may be the greatest plague we face today as the world becomes more and more complicated and our minds are trained for more and more simplification.

A government run by professionals is like a form or a trading house run by back office &support people. But firms go bust, govs expand.

Because what matters in life isn't how frequently one is right about outcomes, but how much one makes when one is right. Being wrong, when it is not … - Nassim Nicholas Taleb

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