From the standpoint of an institution, the existence of a r… - Nassim Nicholas Taleb

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From the standpoint of an institution, the existence of a risk manager has less to do with actual risk reduction than it has to do with the impression of risk reduction.

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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Alternative Names: Nassim Taleb

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

Additional quotes by Nassim Nicholas Taleb

Let us say that, in general, failure (and disconfirmation) are more informative than success and confirmation, which is why I claim that negative knowledge is just more robust.

The problem is that, except for sushi bars, one cannot eat out without inspecting the kitchen. Even "olive oil" is often debased, like a currency, with seed oil. We need a "seed oil detector" very badly.

Taking off is optional. Landing is not.

From the standpoint of an institution, the existence of a risk manager has less to do with actual risk reduction than it has to do with the impressio… - Nassim Nicholas Taleb

About Nassim Nicholas Taleb

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