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
It does not matter how frequently something succeeds if failure is too costly to bear.
Interpretation
What this quote means
The cost of failure is more important than the number of successes one achieves.
This quote emphasizes the importance of considering the potential repercussions of failure, suggesting that even a high success rate can be irrelevant if the failure has serious, detrimental consequences. It encourages individuals and organizations to weigh the risks involved in their pursuits, advocating for a thoughtful approach to decision-making and an awareness of what is at stake.
Themes
FailureSuccessCostWisdomRisks
In practice
Example use cases
During a business presentation to highlight the importance of risk management.
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