Nassim Nicholas Taleb
speaker
72 appearances
2 recordings
1 series
first heard Dec 2012
last heard Dec 2012
Nassim Nicholas Taleb’s voice in public audio — every appearance, attributed to the second.
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Appearances
So you have to make sure that the system doesn't have contagion of failure.
People should not predict.
They should just only tell you what they've done.
Because prediction is much more complicated than you think.
There's a complication that sometimes, for example, you can say, well, I predict the stock market is going higher, but I sold my stocks.
Why?
Well, it has a higher probability of going up, but if it goes down, it goes down a lot more.
By doing that, I'm shifting from prediction to decision.
You can only talk about something if you are harmed, if you're wrong.
Because the problem with the economic establishment is
that they are never harmed by their bad models.
I think 100 or a million.
Showing 61–72 of 72 · page 4 of 4
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