“Bullish or bearish are terms used by people who do not engage in practicing uncertainty, like the television commentators, or those who have no experience in handling risk. Alas, investors and businesses are not paid in probabilities; they are paid in dollars. Accordingly, it is not how likely an event is to happen that matters, it is how much is made when it happens that should be the consideration.”
Quote by Nassim Nicholas Taleb
Work
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
This book delves into the concept of randomness and its pervasive influence on outcomes, challenging the belief in deterministic causality. It examines how chance plays a significant role in life's unpredictability and the functioning of financial markets. more
Author
Nassim Nicholas Taleb
Nassim Nicholas Taleb is a renowned author, scholar, and thinker whose unique perspective and profound insights have had a wide-reaching impact in fields such as finance, statistics, and philosophy. He is best known for his books 'The Black Swan' and 'Fooled by Randomness', which have explored the nature of uncertainty, risk, and probability theory. more
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