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Nassem Nicholas Taleb Quotes
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Lebanese
&
American
-
Risk Analyst
,
Statistician
&
Author
September 12, 1960
Lebanese
&
American
-
Risk Analyst
,
Statistician
&
Author
September 12, 1960
I was convinced that I was totally incompetent in predicting market prices - but that others were generally incompetent also but did not know it, or did not know they were taking massive risks. Most traders were just "picking pennies in front of a steamroller," exposing themselves to the high-impact rare event yet sleeping like babies, unaware of it.
Nassem Nicholas Taleb