Probability is not a mere computation of odds on the dice or more comp…

Nassim Nicholas Taleb
178 citations
Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance. ✨ Nassim Nicholas Taleb (2016). Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile, p.1421, Random House
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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.
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Your reputation is harmed the most by what you say to defend it. ✨ Nassim Nicholas Taleb (2010). The Bed of Procrustes: Philosophical and Practical Aphorisms, p.14, Random House

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