"It is the asymmetry of the bonus system that got us here. No incentives without disincentives: capitalism is about rewards and punishments, not just rewards."

Nassim Nicholas Taleb Mathematics See all quotes by Nassim Nicholas Taleb →

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“To be completely cured of newspapers, spend a year reading the previous week’s newspapers.”

“Professor Karl Pearson... devised the first test of nonrandomness... He examined millions of runs of what was called a Monte Carlo ... He discovered... the runs were not purely random. ...Philosophers of statistics call this the reference case problem to explain that there is no true attainable randomness in practice, only in theory.”

“Academia is to knowledge what prostitution is to love.”

“When conflicted between two choices, take neither.”

“Greatness starts with the replacement of hatred with polite disdain.”

“Wit seduces by signaling intelligence without nerdiness.”

Resonant Thoughts

"Fascism, with its habitual use of the language of aggression—not for nothing did Mussolini regularly rejoice in his own savagery, seeing himself as a cat who walked by itself at night ready to scratch…"

— R.J.B. Bosworth

1943

#justice

"Henceforth there are to be no fixed or inviolable principles of law at all—only an endlessly changing legal response to the fashionable causes of the moment."

— Anthony Daniels (psychiatrist)

Psychology1946

#justice

"If you look at the speeches he gave just before he left the Fed, it's pretty much “After me - the Deluge. I'm getting out while my reputation's intact”."

— Michael Hudson (economist)

Economics1939

#justice

"After the tests , I had said there was no imminent danger to India's security environment which necessitated us to undertake the tests. But the tests have taken place. Therefore, naturally, as a membe…"

— I. K. Gujral

Politics1919

#justice