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
But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.
Interpretation
This quote highlights the unpredictability of extreme events that exceed our worst-case scenarios.
Nassim Nicholas Taleb points out a critical inconsistency in how people perceive risks and worst-case scenarios. Often, individuals underestimate the potential for extreme events, clinging to the belief that they can predict outcomes. However, history shows that when these worst-case events do occur, they can surpass even the direst predictions, emphasizing the importance of being aware of the limitations of our foresight and the nature of uncertainty.
In practice
In a discussion about risk management during a business meeting.
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.
A man who was merely a man and said the sort of things Jesus said wouldn't be a great moral teacher. He'd be either a lunatic on a level with a man who says he's a poached egg or else he'd be the devil of hell. You must make your choice. Either this man was, and is, the Son of God, or else a madman or something worse.
Africa should not again face isolation or stigmatisation based on ignorance and unrepresentative imagery.
The difficulty for most of us in the modern world is that the old-fashioned idea of God has become incredible or implausible.
To define Buddhism without a lot of words and phrases, we can simply say, 'Don't cling or hold on to anything. Harmonize with actuality, with things as they are.'
It seems the more I think about not sinning, the more I sin, but the more I think about just loving Jesus, the less I seem to sin. Falling in love seems to be the key.
Sometimes there are no good guys. There are no bad guys. It seems like everybody is in the middle.
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