Prediction, not narration, is the real test of our understanding of the world. - Nassim Nicholas Taleb

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Prediction, not narration, is the real test of our understanding of the world.

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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

Also Known As

Alternative Names: Nassim Taleb
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Additional quotes by Nassim Nicholas Taleb

We do not spontaneously learn that we don't learn that we don't learn. The problem lies in the structure of our minds: we don't learn rules, just facts, and only facts. Metarules (such as the rule that we have a tendency to not learn rules) we don't seem to be good at getting. We scorn the abstract; we scorn it with passion.

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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