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Cherry-picking has optionality: the one telling the story (and publishing it) has the advantage of being able to show the confirmatory examples and c… - Nassim Nicholas Taleb
" "Cherry-picking has optionality: the one telling the story (and publishing it) has the advantage of being able to show the confirmatory examples and completely ignore the rest — and the more volatility and dispersion, the rosier the best story will be (and the darker the worst story).
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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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Nassim Taleb
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Additional quotes by Nassim Nicholas Taleb
Corporations are in love with the idea of the strategic plan. They need to pay to figure out where they are going. Yet there is no evidence that strategic planning works — we even seem to have evidence against it. A management scholar, William Starbuck, has published a few papers debunking the effectiveness of planning — it makes the corporation option-blind, as it gets locked into a non-opportunistic course of action.
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