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My major hobby is teasing people who take themselves and the quality of their knowledge too seriously and those who don't have the guts to sometimes say: I don't know....
Nassim Nicholas Taleb
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One cannot assert authority by accepting one's own fallibility. Simply, people need to be blinded by knowledge - we are made to follow leaders who can gather people together because the advantages of being in groups trump the disadvantages of being alone. It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.
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[In] economics... you can disguise charlatanism under the weight of equations and nobody can catch you since there is no such thing as a controlled experiment. Now the spirit of such methods, called scientism by its detractors, continued into the discipline of finance as a few technicians thought their mathematical knowledge could lead them to understand markets. The practice of financial engineering came along with massive doses of pseudoscience.
Nassim Nicholas Taleb
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The problem of knowledge is that there are many more books on birds written by ornithologists than books on birds written by birds and books on ornithologists written by birds
Nassim Nicholas Taleb
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Academia is to knowledge what prostitution is to love.
Nassim Nicholas Taleb
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Economists are evaluated on how intelligent they sound, not on a scientific measure of their knowledge of reality.
Nassim Nicholas Taleb
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We tend to treat our knowledge as personal property to be protected and defended. It is an ornament that allows us to rise in the pecking order...we take what we know a little too seriously.
Nassim Nicholas Taleb
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Nassim Nicholas Taleb
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Born:
1960
(age 64)
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