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.
The reduction of the earth to an object simply for human's use/ possession is unthinkable in most traditional cultures... the earth belongs to itself and to all the component members of the community.
Iβm not clear enough in the head to feel anything but varieties of dull anger and arrows of sadness.
What am I? Do I know? I am a man: quite simply, a 'breather.'
Any victory would be dear at such a price.
We, Equality 7-2521, were not happy in those year in the Home of the Students. It was not that the learning was too hard for us. It was that the learning was too easy. This is a great sin, to be born with a head which is too quick. It is not good to be different from our brothers, but it is evil to be superior to them. The Teachers told us so, and they frowned when they looked at us.
We combat obstacles in order to get repose, and when got, the repose is insupportable.
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