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There are three types of people. 1) Those who say eliminating mosquitoes is a great thing, book a trip to Alaska/Siberia. 2) Those who reflect, &… - Nassim Nicholas Taleb
" "There are three types of people. 1) Those who say eliminating mosquitoes is a great thing, book a trip to Alaska/Siberia. 2) Those who reflect, & look at second order effects, particularly when those exist: the cause of the Great Famine under Mao. 3) Those who get convexity.
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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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Bullish or bearish are terms used by people who do not engage in practicing uncertainty, like the television commentators, or those who have no experience in handling risk. Alas, investors and businesses are not paid in probabilities; they are paid in dollars. Accordingly, it is not how likely an event is to happen that matters, it is how much is made when it happens that should be the consideration.
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