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Image of the quote is loading... SaveSave Why do we keep focusing on the minutiae, not the possible significant large events, in spite of the obvious evidence of their huge influence? - Quote by Nassim Nicholas Taleb

Why do we keep focusing on the minutiae, not the possible significant large events, in spite of the obvious evidence of their huge influence?

Nassim Nicholas Taleb
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To bankrupt a fool, give him information.
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Probability and expectation are not the same. Its probability and probability times the pay off.
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. . . the world in which we live has an increasing number of feedback loops, causing events to be the cause of more events (say, people buy a book because other people bought it), thus generating snowballs and arbitrary and unpredictable planet-wide winner-take-all effects.
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Know how to rank your beliefs not according to their plausibility but by the harm they may cause.
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