Luck is the grand equalizer. - Nassim Nicholas Taleb

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Luck is the grand equalizer.

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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

Of course chance favors the prepared! Hard work, showing up on time, wearing a clean (preferably white) shirt, using deodorant, and some such conventional things contribute to success — they are certainly necessary but may be insufficient as they do not cause success.

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"Many people confuse the statement “almost all terrorists are Moslems” with “almost all Moslems are terrorists.” Assume that the first statement is true, that 99 percent of terrorists are Moslems. This would mean that only about .001 percent of Moslems are terrorists, since there are more than one billion Moslems and only, say, ten thousand terrorists, one in a hundred thousand. So the logical mistake makes you (unconsciously) overestimate the odds of a randomly drawn individual Moslem person (between the age of, say, fifteen and fifty) being a terrorist by close to fifty thousand times!

[...]Our inferential machinery, that which we use in daily life, is not made for a complicated environment in which a statement changes markedly when its wording is slightly modified. Consider that in a primitive environment there is no consequential difference between the statements "most killers are wild animals" and "most wild animals are killers". There is an error here, but it is almost inconsequential. Our statistical intuitions have not evolved for a habitat in which these subtleties can make a big difference."

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