"Doctors most commonly get mixed up between absence of evidence and evidence of abense"
"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."
8 likes
Source: Nassim Nicholas Taleb (2008). “Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets”, p.58, Random House
About the author
Same author
More quotes by Nassim Nicholas Taleb
"The three most harmful addictions are heroin, carbohydrates, and a monthly salary."
"A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking."
"For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering."
"Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families."
"People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse."