Almost everything in social life is produced by rare but consequential shocks and jumps; all the while almost everything studied about social life fo… - Nassim Nicholas Taleb
" "Almost everything in social life is produced by rare but consequential shocks and jumps; all the while almost everything studied about social life focuses on the “normal,” particularly with “bell curve” methods of inference that tell you close to nothing. Why? Because the bell curve ignores large deviations, cannot handle them, yet makes us confident that we have tamed uncertainty. Its nickname in this book is GIF, Great Intellectual Fraud.
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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
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?
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