25 Insights from Nassim Taleb
These rules while you help a lot in life and investing:
These rules while you help a lot in life and investing:
1. The winner of the last laugh ends up laughing alone, and that's the only hitch.
2. Intelligence alone is not enough; you need imagination to make it work.
2. Intelligence alone is not enough; you need imagination to make it work.
3. Boasting about college successes in middle age screams failure loud and clear.
4. Don't trust a journalist unless she happens to be your mom.
4. Don't trust a journalist unless she happens to be your mom.
5. If someone seems to be ignoring you, chances are they're not really ignoring you.
6. Reading news, especially finance, can make nonsense seem sensible with time.
6. Reading news, especially finance, can make nonsense seem sensible with time.
7. Worrying about showing weakness is a sign of weakness in itself.
8. Ever wondered how much we'd save if we closed down some university departments? Those interested can research on their own.
8. Ever wondered how much we'd save if we closed down some university departments? Those interested can research on their own.
9. I trust those who trust me and distrust those who doubt me.
10. A good person is kind to waiters and people of lower rank.
10. A good person is kind to waiters and people of lower rank.
11. Journalists dislike those who fear them and resent those who don't.
12. The only good political system can handle a fool in power without harm.
12. The only good political system can handle a fool in power without harm.
13. Journalists often mix up what's interesting with what's important.
14. Never buy a product the company owner doesn't use, especially medications.
14. Never buy a product the company owner doesn't use, especially medications.
15. Politely getting rid of someone in Brooklyn means saying, "call me if you need anything."
16. Injuries from others hurt quickly, while self-inflicted ones linger.
16. Injuries from others hurt quickly, while self-inflicted ones linger.
17. We may benefit from harm done by others but rarely from self-inflicted wounds.
18. You won't know if someone's awful until they get rich.
18. You won't know if someone's awful until they get rich.
19. Great books and aphorisms resist easy summaries; it's just communication.
20. The best route for a free person between two points may not be the shortest.
20. The best route for a free person between two points may not be the shortest.
21. What matters isn't what people say but how much energy they spend saying it.
22. A well-used compliment can be more offensive than an insult.
22. A well-used compliment can be more offensive than an insult.
23. I trust the money-hungry more than those chasing credentials.
24. Studying philosophy doesn't make you a writer, just like eating cow meat doesn't turn you into a cow.
24. Studying philosophy doesn't make you a writer, just like eating cow meat doesn't turn you into a cow.
25. It's a big compliment for an honest person to be mistaken for a crook by a crook.
BONUS
Here's what Nassim Taleb has to say on true wealth:
Here's what Nassim Taleb has to say on true wealth:
That's it for today.
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It will teach you how to invest in the best companies in the world.
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