"We are robust when errors in the representation of the unknown and understanding of random effects do not lead to adverse outcomes —fragile otherwise."
Nassim Nicholas Taleb is a Lebanese-American New York University professor, essayist, mathematical statistician, former option trader, risk analyst, and aphorist. His work concerns problems of randomness, probability, complexity, and uncertainty.
"Professor Karl Pearson... devised the first test of nonrandomness... He examined millions of runs of what was called a Monte Carlo (the old name for a roulette wheel)... He discovered... the runs were not purely random. ...Philosophers of statistics call this the reference case problem to explain that there is no true attainable randomness in practice, only in theory."
"When we want to do something while unconsciously certain to fail, we seek advice so we can blame someone else for the failure."
"My major hobby is teasing people who take themselves and the quality of their knowledge too seriously and those who don’t have the guts to sometimes say: I don’t know...."
"You may not be able to change the world but can at least get some entertainment and make a living out of the epistemic arrogance of the human race."
"[H]istory cannot lend itself to experimentation. But... is potent enough... to eventually bury the bad guy. Bad trades catch up with you... Mathematicians of probability give that a... name: . [R]oughly... properties of a very... long sample path would be similar to the Monte Carlo properties of an average of shorter ones. ...Those unlucky... in spite of their skills would eventually rise. The lucky fool... would slowly converge to the state of a less-lucky idiot. Each ...would revert to his long-term properties."
"My models showed that ultimately almost nobody really survived; bears dropped like flies in the rally and bulls ended up being slaughtered... But there was one exception... option buyers... could buy the insurance against blowup..."
"The wound is the place where the Light enters you."
Rumi"Be the change that you wish to see in the world."
Mahatma Gandhi"In philosophy equally as in poetry it is the highest and most useful prerogative of genius to produce the strongest impressions of novelty, while it rescues admitted truths from the neglect caused by the very circumstance of their universal admission."
Samuel Taylor Coleridge"An [hypertext] encyclopaedia will be an overall attempt by the knowledgeable, the learned societies or anyone else, to represent the state-of-the-art in their field. An encyclopaedia will be a living document, as up to date as it can be, instantly accessible at any time. It will contain carefully authored explanations and summaries of the subject, as well as computer-generated indexes of literature. A reference to a paper from the encyclopaedia conveys authority and acceptance by academic society. A measure of a paper’s standing may be conveyed by the number of links it is away from an encyclopaedia."
Tim Berners-Lee"The British intellectual tradition is empirical and liberal, the French is rationalist and aristocratic, and the German is idealist and conservative. ...In the great ontological debate between mind and matter, German philosophy comes down solidly on the side of mind. Its emphasis is intuition as opposed to reason, ideas as opposed to facts."
"To know the mighty works of God, to comprehend His wisdom and majesty and power; to appreciate, in degree, the wonderful workings of His laws, surely all this must be a pleasing and acceptable mode of worship to the Most High, to whom ignorance cannot be more grateful than knowledge."