Lebanese - Scientist | 1960 -
I've been telling anyone willing to listen that banks have a tendency to sit on time bombs while convincing themselves that they are conservative and nonvolatile.
Nassim Nicholas Taleb
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Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
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The best philosophers were not academics, but had another job, so their philosophy was not corrupted by careerism.
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For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.
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Nobody reads the disclosures that roll down your computer screen. You click 'I agree' but you don't know what you're agreeing to.
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The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.
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Governments that try to shoot for a surplus hardly ever reach it.
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What we need to do is break the financial community's grip on society.
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Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.
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Democracies can't handle austerity measures very well.
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