Posts Tagged ‘nassim nicholas taleb’
Nassim Nicholas Taleb: Cure Greed
on Friday, April 14, 2023Meaning of Nassim Nicholas Taleb Money Quote: saying it’s naive to believe that experts in finance industry, of greed, banking & Economics. Nassim Nicholas Taleb said:
“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending” — Nassim Nicholas Taleb
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In this quote, Nassim Nicholas Taleb is criticizing the notion that complex societal problems can be solved simply by relying more on the factors that may have contributed to the issues in the first place.
When he says things like trying to cure “greed with money” or “banking with bankers”, Taleb suggests that directly addressing problems within their own domains without broader reform is misguided.
His view seems to be that complex challenges require fresh, outside-the-box thinking rather than doubling down on conventional or status quo approaches.
The quote conveys Taleb’s skepticism of those who naively believe further engaging the core elements of issues can provide straightforward cures, without recognizing the potential need for systemic changes or new perspectives to resolve deep-rooted problems.
Nassim Nicholas Taleb: Salary Addiction
on Thursday, September 17, 2015Nassim Nicholas Taleb Money Quotation saying something few of us take the time to consider, regular paychecks can be an addiction. Nassim Nicholas Taleb said:
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary” — Nassim Nicholas Taleb
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In this provocative quote, Nassim Nicholas Taleb is drawing a comparison between dangerous addictions and unhealthy financial dependencies. Regarding “heroin and carbohydrates,” he is referring directly to substance and food addictions that can damage one’s health.
But “a monthly salary” also represents an addiction of sorts, according to Taleb. His view seems to be that relying on steady paychecks as one’s sole source of livelihood makes a person overly risk-averse and averse to opportunities that could provide outsized gains.
Taleb implies that depending on a reliable monthly wage can discourage entrepreneurship, risk-taking and long-term wealth building in the same way addictions discourage bettering one’s situation.
The quote encourages exploring alternative means of generating income that are less rigid than strict reliance on a recurring paycheck.
By Pictures of Money on Flickr
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