(Excerpt from Fooled by Randomness by Nassim Taleb) The initial sample size matters greatly. If there are five monkeys in the game, I would be rather impressed with the Iliad writer, to the point of suspecting him to...
(Extracted from Fooled by Randomness by Nassim Taleb) There is another reason why Nero is not as rich as others in his situation. His skepticism does not allow him to invest any of his own funds outside of treasury...
(Extracted from Fooled by Randomness by Nassim Taleb) Nero believes that risk-conscious hard work and discipline can lead someone to achieve a comfortable life with a very high probability. Beyond that, it is all...
(Extracted from Antifragile by Nassim Taleb) If you put 90 percent of your funds in boring cash (assuming you are protected from inflation) or something called a “numeraire repository of value,” and 10 percent...
(Extracted from Antifragile by Nassim Taleb) This kind of sum I’ve called in my vernacular “f*** you money” – a sum large enough to get most, if not all, of the advantages of wealth (the most important one...
(Excerpt from Skin in the Game by Nassim Taleb) Many bad pilots, as we mentioned, are currently in the bottom of the Atlantic, many dangerous bad drivers are in the local quiet cemetery with nice walkways bordered by...
