Nassim Nicholas Taleb Quotes & Sayings (Page 3)

“The grandchildren should not bear the debts of the grandparents.”

“Debt is a mistake between lender and borrower, and both should suffer.”

“If you are in banking and lending, surprise outcomes are likely to be negative for you.”

“You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.”

“There are two types of people: those who try to win and those who try to win arguments. They are never the same.”

“Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money.”

“What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.”

“People have the problem of denial. This is one of the things I learned in Lebanon. Everybody who left Beirut when the war started, including my parents, said, 'Oh, its temporary.' It lasted 17 years! People tend to underestimate the gravity of these situations. That's how they work.”

“Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly.”

“Fragility is the quality of things that are vulnerable to volatility.”