Nassim Nicholas Taleb Quotes & Sayings (Page 4)

“The key to wealth is that it doesn't matter. Once you've had it, you don't think anything of it; you can wear cheap watches.”

“In social policy, when we provide a safety net, it should be designed to help people take more entrepreneurial risks, not to turn them into dependents. This doesn't mean that we should be callous to the underprivileged.”

“I am happy everywhere except in places where I see glitz and rich farts. I am happiest in Brooklyn, where the concentration of rich farts is minimal.”

“When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.”

“Individuals should think about the worst-case scenarios and plan for them. The world will be crazier than you think it will be. Put money away, and then you can live with much more freedom.”

“The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.”

“A country's assets reside in the tinkerers, the hobbyists, and the risk-takers.”

“Capitalism has forced everyone to overoptimize in order to compete.”

“I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.”

“In the United States, large corporations control some members of Congress. All this does is delay the corporation's funeral at our expense.”