Probability and expectation are not the same. Its probability and probability times the pay off.

Nassim Nicholas Taleb
Some Similar Quotes
  1. Facts do not cease to exist because they are ignored. - Aldous Huxley

  2. News told, rumors heard, truth implied, facts buried. - Toba Beta

  3. She was no longer struggling against the perception of facts, but adjusting herself to their clearest perception. - George Eliot

  4. It's not a lie if you don't tell the truth. But it's fucked up if you falsify the fact. - Toba Beta

  5. Remember, any lie you are told, even deliberately, is often a more significant fact than a truth told in all sincerity. - Unknown

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