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.
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- I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis.
- Many people keep deploring the low level of formal education in the United states (as defined by, say, math grades). Yet these fail to realize that the new comes from here and gets imitated elsewhere β¦ βΆ
- An idea starts to be interesting when you get scared of taking it to its logical conclusion. β¨ Nassim Nicholas Taleb (2016). Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Proc β¦ βΆ
- Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility; it results from some ecological or naturalistic wisdom, and is not β¦ βΆ
- Maximum of an average is necessarily less volatile than the average maximum β¨ Nassim Nicholas Taleb (2008). Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, p.212, Random H β¦ βΆ
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