Nobody reads the disclosures that roll down your computer screen. You click 'I agree' but you don't know what you're agreeing to.
Nassim Nicholas TalebRead
Economics make homeopath and alternative healers look empirical and scientific.
Interpretation
The quote suggests that economics, unlike homeopathy and alternative healing, lacks a scientific basis.
In this quote, Nassim Nicholas Taleb critiques the field of economics by implying that it often lacks the empirical rigor found in traditional science and medicine, thereby equating it, somewhat ironically, with the non-empirical practices of homeopathy and alternative healing. The comparison serves to question the validity and scientific underpinnings of economic theories, suggesting that they are more speculative than factual.
In practice
In a discussion on economics and its comparison to more empirical sciences.
Nobody reads the disclosures that roll down your computer screen. You click 'I agree' but you don't know what you're agreeing to.
Fragility is the quality of things that are vulnerable to volatility.
Those who were unlucky in life in spite of their skills would eventually rise. The lucky fool might have benefited from some luck in life; over the longer run he would slowly converge to the state of a less-lucky idiot. Each one would revert to his long-term properties.
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.
A good maxim allows you to have the last word without even starting a conversation.
A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.
Man can and does rationalize his sins. He finds reasons for all his weakness, invents excuses that first calm and then deaden his conscience. He blames God, society, education, and environment for his wrong doing.
The world's like a ride in a fairground & when you choose to go on it you think it's real, that's how powerful our minds are
Memory is a barricade against forgetting; light is a bulwark against darkness; life is a flex against the stillness of the grave. Maybe that's what I'm trying to do here, clear a space in all the debris, through all the anxieties and worries, where I can just exist, easily and simply, entire, for as long as I have left.
No one really knows why they are alive until they know what they'd die for.
In some ways, I had a traditional 'old South' upbringing, meaning that I spent some time in a military school, and acquired an inoculum of the military ethic that is still with me today: honor, duty, loyalty.
As corporations gain in autonomous institutional power and be-come more detached from people and place, the human interest and the corporate interest increasingly diverge. It is almost as though we were being invaded by alien beings intent on colonizing our planet, reducing us to serfs, and then excluding as many of us as possible.
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