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Nassim Nicholas Taleb Quotes: The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.
         

The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.


Nassim Nicholas Taleb
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Other quotes of Nassim Nicholas Taleb


Doctors most commonly get mixed up between absence of evidence and evidence of abense

Doctors most commonly get mixed up between absence of evidence and evidence of abense



A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.

A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.



For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.

For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.



Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.

Decomposition, for most, starts when they leave the free, social, and uncorrupted college life for the solitary confinement of professions and nuclear families.



People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.

People used to wear ordinary clothes weekdays, and formal attire on Sunday. Today it is the exact reverse.



Democracies can't handle austerity measures very well.

Democracies can't handle austerity measures very well.



Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.

Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.




Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.

Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.



Someone bemoaned that there were so few women in economics. But there are also very few men in economics.

Someone bemoaned that there were so few women in economics. But there are also very few men in economics.





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Les rêves sont seuls les réalités de la vie.

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As women, we often think we have to be all things to all people, all at the same time. As a wife, mother, actress and businesswoman, I definitely feel the pressure to perform well in all areas.

As women, we often think we have to be all things to all people, all at the same time. As a wife, mother, actress and businesswoman, I definitely feel the pressure to perform well in all areas.



We are all born with a grab bag of gifts and gaps. Identify your true talents, then find out how to use them to make money.

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The Labour Party of today has fits of horrors of the very thought of somebody like me might saying that they bought in white Australia. But I believe they did.

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The future belongs to those who give the next generation reason for hope.

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When the yearning for living ends, there can be no more birth.




Quote Description


This page presents the quote "The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.". Author of this quote is Nassim Nicholas Taleb. This quote is about simplification, medicine, medieval, track record, track, predicting, events,.