Economic life should be definancialised. We should learn no… - Nassim Nicholas Taleb

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Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).

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

. . . the world in which we live has an increasing number of feedback loops, causing events to be the cause of more events (say, people buy a book because other people bought it), thus generating snowballs and arbitrary and unpredictable planet-wide winner-take-all effects.

The curse of modernity is that we are increasingly populated by a class of people who are better at explaining than understanding, or better at explaining than doing.

The best test of robustness to reputational damage is your emotional state (fear, joy, boredom) when you get an email from a journalist.

Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal … - Nassim Nicholas Taleb

About Nassim Nicholas Taleb

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