So let us call here the teleological fallacy the illusion that you know exactly where you are going, and that you knew exactly where you were going i… - Nassim Nicholas Taleb
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So let us call here the teleological fallacy the illusion that you know exactly where you are going, and that you knew exactly where you were going in the past, and that others have succeeded in the past by knowing where they were going.
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)
A marker for a charlatan: someone who uses arguments type"this is the best model we have". Skin in the game pple use ONLY reliable models.
Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty.
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The only way you can "convince" rentseekers [bankers/academicobureaucrats] is showing them that it is in their own INTERESTS to change their mind. When against their interests, make it painful for them by 1) convincing OTHERS, 2) continuously exposing, 3) humiliating them
