Wednesday, August 22, 2012

Nassim Taleb quote

“Don’t look for the precise and the local. Simply, do not be narrow-minded. The great discoverer Pasteur, who came up with the notion that chance favors the prepared, understood that you do not look for something particular every morning but work hard to let contingency enter your working life. As Yogi Berra, another great thinker, said, “You got to be very careful if you don’t know where you’re going, because you might not get there.” Likewise, do not try to predict precise Black Swans—it tends to make you more vulnerable to the ones you did not predict.” –Nassim Taleb, The Black Swan