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.
The greatest tragedy in mankind's entire history may be the hijacking of morality by religion.
The only thing worse than a bad review from the Ayatollah Khomeini would be a good review from the Ayatollah Khomeini.
There are no rules of architecture for a castle in the clouds.
Search men's governing principles, and consider the wise, what they shun and what they cleave to.
The trick. . .is to find the balance between the bright colors of humor and the serious issues of identity, self-loathing, and the possibility for intimacy and love when it seems no longer possible or, sadder yet, no longer necessary.
I don't want to not be African. The goal is to live in a world where my race doesn't limit my access, where I can see myself represented in the highest level of society without any limitation.
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