Everyone seems to be making the mistake of ergodicity: The rich of 2015 are NOT necessarily those of 2000. In the U.S. 85% of the rich were not so i… - Nassim Nicholas Taleb

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Engraved portrait of Nassim Nicholas Taleb, facing right

Everyone seems to be making the mistake of ergodicity: The rich of 2015 are NOT necessarily those of 2000. In the U.S. 85% of the rich were not so in earlier periods. These static analyses by economists and psychologists are BS. I noted that only pple w get it.

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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 · Portrait adapted from Wikimedia Commons, Sarah Josephine Taleb (CC BY)

Also Known As

Alternative Names: Nassim Taleb

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Additional quotes by Nassim Nicholas Taleb

Criticism, for a book, is a truthful, unfaked badge of attention, signaling that it is not boring; and boring is the only very bad thing for a book. Consider the Ayn Rand phenomenon: her books Atlas Shrugged and The Fountainhead have been read for more than half a century by millions of people, in spite of, or most likely thanks to, brutally nasty reviews and attempts to discredit her. The first-order information is the intensity: what matters is the effort the critic puts into trying to prevent others from reading the book, or, more generally in life, it is the effort in badmouthing someone that matters, not so much what is said. So if you really want people to read a book, tell them it is “overrated,” with a sense of outrage (and use the attribute “underrated” for the opposite effect).

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