Nassim Nicholas Taleb Quotes About Failing
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Learn to fail with pride - and do so fast and cleanly. Maximise trial and error - by mastering the error part.
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When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure.
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Many people keep deploring the low level of formal education in the United states (as defined by, say, math grades). Yet these fail to realize that the new comes from here and gets imitated elsewhere. And it is not thanks to universities, which obviously claim a lot more credit than their accomplishments warrant. Like Britain in the Industrial Revolution, America's asset is, simply, risk taking and the use of optionality, this remarkable ability to engage in rational forms fo trial and error, with no comparative shame in failing again, starting again, and repeating failure.
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What organized dating sites fail to understand is that the people are far more interesting in what they don't say about themselves.
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Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks-when one fails, they all fall. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought.
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If you're going to fail, you'd rather fail early than fail late in general.
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