Tuesday, September 18, 2012

Nassim Taleb quote (asymmetry)

“Put yourself in situations where favorable consequences are much larger than unfavorable ones…Indeed, the notion of asymmetric outcomes is the central idea of this book: I will never get to know the unknown since, by definition, it is unknown. However, I can always guess how it might affect me, and I should base my decisions around that.” –Nassim Taleb, The Black Swan