It is the asymmetry of the bonus system that got us here. N… - Nassim Nicholas Taleb

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It is the asymmetry of the bonus system that got us here. No incentives without disincentives: capitalism is about rewards and punishments, not just rewards.

Nassim Nicholas Taleb

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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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Alternative Names: Nassim Taleb

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Robert A. Heinlein Isaac Asimov Mark Twain George Bernard Shaw Cory Doctorow

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Without skin in the game: Smart drug dealers become pharmacopsychiatrists; smart astrologists become economists; smart serial killers write for the Wash Post; smart bullshitters become "experimental" psychologists; and smart bankrobbers become bankers.

You can RETROSPECTIVELY measure the *real-IQ* of a blabbering intellectual from his/her historical grap of: - Bitcoin - Tesla - Trump - GMOs etc.

It is not possible to have fun when you try.

It is the asymmetry of the bonus system that got us here. No incentives without disincentives: capitalism is about rewards and punishments, not just … - Nassim Nicholas Taleb

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