Education & intellectualization make people think in Universal terms for local problems, with no awareness of Scalability. - Nassim Nicholas Taleb
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Education & intellectualization make people think in Universal terms for local problems, with no awareness of Scalability.
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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.
Biography information from
Wikiquote·
Portrait adapted from
Wikimedia Commons, Sarah Josephine Taleb (CC BY)
As Ennius wrote, “The good is mostly in the absence of bad”; Nimium boni est, cui nihil est mali.
[A]t any point in time, the richest traders are often the worst traders. This I will call the cross-sectional problem: At a given time... the most successful traders are likely to be those fit for the latest cycle.
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Look into your own existence. Count the significant events, the technological changes, and the inventions that have taken place in our environment since you were born and compare them to what was expected before their advent. How many of them came on a schedule? Look into your own personal life, to your choice of profession, say, or meeting your mate, your exile from your country of origin, the betrayals you faced, your sudden enrichment or impoverishment. How often did these things occur according to plan?
