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
Economics make homeopath and alternative healers look empirical and scientific.
Interpretation
The quote suggests that economics, unlike homeopathy and alternative healing, lacks a scientific basis.
In this quote, Nassim Nicholas Taleb critiques the field of economics by implying that it often lacks the empirical rigor found in traditional science and medicine, thereby equating it, somewhat ironically, with the non-empirical practices of homeopathy and alternative healing. The comparison serves to question the validity and scientific underpinnings of economic theories, suggesting that they are more speculative than factual.
In practice
In a discussion on economics and its comparison to more empirical sciences.
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.
It is wrong to be harsh with the New York critics, unless one admits in the same breath that it is a condition of their existence that they should write entertainingly about something which is rarely worth writing about at all.
You see, one thing is, I can live with doubt and uncertainty and not knowing. I have approximate answers and possible beliefs and different degrees of certainty about different things... It doesn't frighten me.
Once, when a religionist denounced me in unmeasured terms, I sent him a card saying, "I am sure you believe that I will go to hell when I die, and that once there I will suffer all the pains and tortures the sadistic ingenuity of your deity can devise and that this torture will continue forever. Isn't that enough for you? Do you have to call me bad names in addition?"
The chief value of money lies in the fact that one lives in a world in which it is overestimated.
For a lot of white people, just suggesting that being white has meaning will trigger a deep, defensive response. And that defensiveness serves to maintain both our comfort and our positions in a racially inequitable society from which we benefit.
An iceberg is water striving to be land; a mountain, especially a Himalaya, especially Everest, is land's attempt to metamorphose into sky; it is grounded in flight, the earth mutated--nearly--into air, and become, in the true sense, exalted. Long before she ever encountered the mountain, Allie was aware of its brooding presence in her soul.
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