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
Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.
Interpretation
Success is defined by personal integrity and moral standards rather than external validation.
In this quote, Nassim Nicholas Taleb emphasizes that true success is rooted in one's own sense of honor and moral alignment rather than societal or media-driven definitions. He argues that a person's self-worth should not be dictated by external measures, such as what is reported in newspapers, but rather by an intrinsic understanding of one's values and the absence of shame in one's actions.
In practice
During a motivational speech about personal values and success.
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.
Success is never so interesting as struggle
The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.
Everyone said, 'Emil, you are a fool!' _x000D_ But when I first won the European Championship, they said: 'Emil, you are a genius!'
I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have
Do you know how many athletes go broke three years after they stop playing? I want to help them hold on to their money. I mean, I know about budgets.
Stealing bases was put to me almost as a prerequisite for staying in the game. They didn't give me a handbook on how to do it; they said do it. Under those conditions you go out and develop your own handbook.
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