Nassim Nicholas Taleb Quotes

“Elon Musk illustrates my 'Fooled by Randomness' point: solid financial success is largely the result of skills, hard work, and wisdom. But wild success (in the far tail) is more likely to be the result of reckless betting, extreme luck, & the opposite of wisdom: folly.”

“Everything before the 'but' is meant to be ignored by the speaker; and everything after the 'but' should be ignored by the listener.”

“I still don't know what lead to 'success'.

But I know what leads to insuccess: a temperament of complaint, the mentality of permanent victimhood, and the collective and individual propensity for lamentation.”

“If someone needs to convince you (or, worse, bully you, or, worse, threaten you) that it is a good investment/tool/product, it is not a good investment/tool/product.”

“If you cause people to doubt you, then prove them wrong, they will trust you forever.”

“Miami in one word: Dionysian.”

“No currency is to devalue until the central banker announces that there will be no devaluation.”

“No rumour is true until officially denied.”

“So looks like
1- Bitcoin is no hedge for adversity
2- Bitcoin is no hedge for inflation
3- Bitcoin is no hedge for deflation
4- Bitcoin is no currency
5- Bitcoin is nothing”

“The world is split between those who don't know how to start making money and those who don't know when to stop.”

“Two idiots are collectively more stupid than a single idiot.”

“Watching a villain go bankrupt in slow motion is more enjoyable than witnessing his defenestration.”

“Weak nations require strong leaders; strong nations require weak leaders, or, better, no leader.”