Welcome to the Journey to Science of Complexity, Chaos Theory & Non Linear System Dynamics:

Here is to the crazy ones, the misfits, the rebels, the trouble makers the round pegs in a square hole, the ones who see things differently. They are not fond of rules and they have no respect for the status quo.You can quote them, disagree with them, glorify or vilify them. About the only thing that you can't do is ignore them, because they change things. They push the human race forward, and while some may see them a s crazy ones, we see genius, because the people who are crazy enough to think they can change the world, are the ones who'll do it. 

Apple Computer Advertising 1997

The Unknown World-Nassim Nicholas Taleb Interview on Business Week

Sunday, March 14, 2010

Some of my favorite Taleb Quotes

"In some disciplines, “expert” is the closest thing to a fraud performing no better than a computer using a simple algorithm."

"The Black Swan comes from misunderstanding of the likelihood of suprises because we take what we know a little too seriously."

"When conservative bankers make profits, they get the benefits; when they are hurt, we pay the costs."
"Seeing White Swans does not confirm the nonexistence of Black Swans."

"We may enjoy what we see but there is no point reading too much into success stories because we do not see the full picture."

"A life saved is a statistic; a person hurt is an anecdote. Statistics are invisible; anecdotes are silent."

"The risk of Black Swan is invisible."

"The casino is the only human venture I know where the probabilities are known and almost computable."

"Beaming light on the unseen is costly in both computational and mental effort."

"Train yourself to spot the difference between the sensational and the empirical."