"Our human race is affected by a chronic underestimation of the possibility of the future straying from the course initially envisioned (in addition … - Nassim Nicholas Taleb
"Our human race is affected by a chronic underestimation of the possibility of the future straying from the course initially envisioned (in addition to other biases that sometimes exert a compounding effect). To take an obvious example, think about how many people divorce. Almost all of them are acquainted with the statistic that between one-third and one-half of all marriages fail, something the parties involved did not forecast while tying the knot. Of course, "not us," because "we get along so well" (as if others tying the knot got along poorly)."
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)
Critics may appear to blame the author for not writing the book they wanted to read; but in truth they are blaming him for writing the book they wanted, but were unable, to write.
Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
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