Lebanese - Scientist | 1960 -
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
Nassim Nicholas Taleb
FailureTimePeopleSafetyBuilding
There are two types of people: those who try to win and those who try to win arguments. They are never the same.
PeopleWinTryNeverTwoSame
Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
HistoryTimeNew YorkUniverseNew
Steve Jobs, Bill Gates and Mark Zuckerberg didn't finish college. Too much emphasis is placed on formal education - I told my children not to worry about their grades but to enjoy learning.
EducationLearningChildrenCollege
We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.
BusinessCultureMoneyPeopleThink
You are rich if and only if money you refuse tastes better than money you accept.
MoneyRichBetterYouAcceptOnly
I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis.
DayReadingThinkShortLongCrisis
What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
TodayMoneySocialismCapitalism
The next time you experience a blackout, take some solace by looking at the sky. You will not recognize it.
TimeExperienceSkyLookingYou
Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.
ThinkNeverVolatilityStability
The grandchildren should not bear the debts of the grandparents.
GrandchildrenBearGrandparentsDebts
Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money.
MoneyWarAdviceYouNeverAsk
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