Tuesday, February 19, 2013

Procrustean Bed

I like Taleb. He was a lot like Roubini back in the day (07-08). And his collected sayings are definitely worth consideration:

  1. “Academia is to knowledge what prostitution is to love; close enough on the surface but, to the non-sucker, not exactly the same thing.” 
  2. “Social media are severely antisocial, health foods are empirically unhealthy, knowledge workers are very ignorant, and social sciences aren’t scientific at all.” 
  3. “In science you need to understand the world; in business you need others to misunderstand it.” 
  4. “Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.” 
  5. “In nature we never repeat the same motion; in captivity (office, gym, commute, sports), life is just repetitive-stress injury. No randomness.” 
  6. “Economics cannot digest the idea that the collective (and the aggregate) are disproportionately less predictable than individuals.” 
  7. “Catholic countries had more serial monogamy than today, but without the need for divorce—life expectancy was short; marriage duration was much, much shorter. “ 
  8. “You never win an argument until they attack your person.” 
  9. “The characteristic feature of the loser is to bemoan, in general terms, mankind’s flaws, biases, contradictions, and irrationality—without exploiting them for fun and profit.” 
  10. “To be completely cured of newspapers, spend a year reading the previous week’s newspapers.” 
  11. “People focus on role models; it is more effective to find antimodels—people you don’t want to resemble when you grow up.” 
  12. “The three most harmful addictions are heroin, carbohydrates, and a monthly salary. My only measure of success is how much time you have to kill.” 
  13. “Some books cannot be summarized (real literature, poetry); some can be compressed to about ten pages; the majority to zero pages.” 
  14. “They think that intelligence is about noticing things that are relevant (detecting patterns); in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns).” 
  15. “The best way to spot a charlatan: someone (like a consultant or a stockbroker) who tells you what to do instead of what not to do.” 
  16. “The main difference between government bailouts and smoking is that in some rare cases the statement ‘this is my last cigarette’ holds true.”