Jawad Yahfoufi

“making some types of errors is the most rational thing to do, when the errors are of little cost, as they lead to discoveries. For instance, most medical “discoveries”are accidental to something else. An error-free world would have no penicillin, no chemotherapy…almost no drugs, and most probably no humans. This is why I have been against the state dictating to us what we “should”be doing: only evolution knows if the “wrong”thing is really wrong, provided there is skin in the game to allow for selection.”
― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life

“American culture encourages the process of failure, unlike the cultures of Europe and Asia where failure is met with stigma and embarrassment. America’s specialty is to take these small risks for the rest of the world, which explains this country’s disproportionate share in innovations.”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

“This confirmation problem pervades our modern life, since most conflicts have at their root the following mental bias: when Arabs and Israelis watch news reports they see different stories in the same succession of events. Likewise, Democrats and Republicans look at different parts of the same data and never converge to the same opinions. Once your mind is inhabited with a certain view of the world, you will tend to only consider instances proving you to be right. Paradoxically, the more information you have, the more justified you will feel in your views.”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

“A saying by the brothers Geoff and Vince Graham summarizes the ludicrousness of scale-free political universalism. I am, at the Fed level, libertarian; at the state level, Republican; at the local level, Democrat; and at the family and friends level, a socialist.”
― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life