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Randomness
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This is the central illusion in life: that randomness is a risk, that it is a bad thing...
Nassim Nicholas Taleb
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While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.
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Trading forces someone to think hard; those who merely work hard generally lose their focus and intellectual energy. In addition, they end up drowning in randomness; work ethics draw people to focus on noise rather than the signal.
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When some systems are stuck in a dangerous impasse, randomness and only randomness can unlock them and set them free.
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Randomness works well in search—sometimes better than humans.
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You get pseudo-order when you seek order; you only get a measure of order and control when you embrace randomness.
Nassim Nicholas Taleb
Quote of the day
The Constitution was the expression not only of a political faith, but also of political fears. It was wrought both as the organ of the national interest and as the bulwark of certain individual and local rights.
Herbert Croly
Nassim Nicholas Taleb
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Born:
1960
(age 65)
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