Lebanese - Scientist | 1960 -
If you take risks and face your fate with dignity, there is nothing you can do that makes you small; if you don't take risks, there is nothing you can do that makes you grand, nothing.
Nassim Nicholas Taleb
RisksSmallFaceFateYouDignity
People have the problem of denial. This is one of the things I learned in Lebanon. Everybody who left Beirut when the war started, including my parents, said, 'Oh, its temporary.' It lasted 17 years! People tend to underestimate the gravity of these situations. That's how they work.
WorkWarParentsPeopleProblem
The key to wealth is that it doesn't matter. Once you've had it, you don't think anything of it; you can wear cheap watches.
ThinkKeyWatchesYouWealthMatter
You will get the most attention from those who hate you. No friend, no admirer and no partner will flatter you with as much curiosity.
FriendHateCuriosityPartnerYou
Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.
EconomicsRightEconomistsAnything
In social policy, when we provide a safety net, it should be designed to help people take more entrepreneurial risks, not to turn them into dependents. This doesn't mean that we should be callous to the underprivileged.
RisksPeopleSafetyHelpMoreMean
If I ask you to write down the last 4 digits of your social security number, and then take you out to lunch and ask you how many dentists there are in Manhattan, there's going to be a high correlation between those two numbers. What happens is that the number psychologically makes you feel confident.
LunchConfidentFeelYouSecurity
The world we live in is vastly different from the world we think we live in.
LiveWorldThinkDifferentVastly
Being an economist is the least ethical profession, closer to charlatanism than any science.
ScienceEthicalBeingCloserThan
Individuals should think about the worst-case scenarios and plan for them. The world will be crazier than you think it will be. Put money away, and then you can live with much more freedom.
LiveFreedomMoneyWorldThinkPlan
Economics make homeopath and alternative healers look empirical and scientific.
EconomicsLookMakeAlternative
A country's assets reside in the tinkerers, the hobbyists, and the risk-takers.
CountryAssetsReside
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