We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.
Nassim Nicholas Taleb
Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.
belief
Rank beliefs not according to their plausibility but by the harm they may cause.
Conomists are evaluated on how intelligent they sound, not on a scientific measure of their knowledge of reality.
sound
Intelligence consists in ignoring things that are irrelevant.
intelligence
Greatness starts with the replacement of hatred with polite disdain.
greatness
Those who do not think that employment is systemic slavery are either blind or employed.
slavery
The tragedy of virtue is that the more obvious, boring, unoriginal, and sermonizing the proverb, the harder it is to implement.
virtues
Conomics is a narrative discipline, and explanations are easy to fit retrospectively.
discipline
The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.
tests
favors
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