Under opacity and in the newfound complexity of the world, people can hide risks and hurt others, with the law incapable of catching them. Iatrogenics has both delayed and invisible consequences. It is hard to see causal links, to fully understand what’s going on. Under such epistemic limitations, skin in the game is the only true mitigator of fragility. Nassim Nicholas Taleb
Some Similar Quotes
  1. War is an ugly thing, but not the ugliest of things: the decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth a war, is much worse. When a people are used as mere human instruments for firing cannon or... - John Stuart Mill
  2. For, after all, how do we know that two and two make four? Or that the force of gravity works? Or that the past is unchangeable? If both the past and the external world exist only in the mind, and if the mind itself is... - George Orwell
  3. I suppose therefore that all things I see are illusions; I believe that nothing has ever existed of everything my lying memory tells me. I think I have no senses. I believe that body, shape, extension, motion, location are functions. What is there then that... - Unknown
  4. I count him braver who overcomes his desires than him who overcomes his enemies. - Aristotle
  5. The creed which accepts as the foundation of morals, Utility, or the Greatest-Happiness Principle, holds that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness. By happiness is intended pleasure, and the absence... - John Stuart Mill
More Quotes By Nassim Nicholas Taleb
  1. Things always become obvious after the fact
  2. Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers instead of six. After a few dozen tries, one forgets about the existence of a bullet, under a...
  3. Wit seduces by signaling intelligence without nerdiness.
  4. A prophet is not someone with special visions, just someone blind to most of what others see
  5. You cannot do anything with knowledge unless you know where it stops, and the costs of using it.
Related Topics