The odds of an academic "researcher" producing anything eventually used by society is of the order of .00001%. That includes scientists. The odds for… - Nassim Nicholas Taleb

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The odds of an academic "researcher" producing anything eventually used by society is of the order of .00001%. That includes scientists. The odds for a baker: 100%

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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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Additional quotes by Nassim Nicholas Taleb

It takes a certain type of person to waste intelligent concentration on classroom/academic problems. These are lifeless bureaucrats who can muster sterile motivation. Some people can only focus on problems that are REAL, not fictional textbook ones.

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Further, in countries where wealth comes from rent-seeking, political patronage, or regulatory capture (which, I remind the reader, is how the powerful and the insiders use regulation to scam the public, or red tape to slow down competition), wealth is seen as zero-sum.*2

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