Home / Quotes / Quote by Nassim Nicholas Taleb

Quote by Nassim Nicholas Taleb

“We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?”

Quote by Nassim Nicholas Taleb

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

You May Also Like

“I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.”

Ifs Thinking Knows World Needs Moving Sound Business Cities West Financial Finished East London Finance Centre Asia City Of London

Author:Jim Rogers

“Financial hydrogen bombs built on personal computers by 26-year-olds with MBAs.”

Years Business Computer Built Financial Finance Bombs Hydrogen Mba Personal Computers Hydrogen Bomb

Author:Felix Rohatyn

“The arrangement bore the same relation to actual finance as fantasy football bears to the NFL.”

Business Fantasy Football Bears Relation Finance Nfl Bores Arrangements Fantasy Football

Author:Michael Lewis

“The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.”

Littles Business Plans Risk Industry Creating Crisis Institutions Financial Passing Passings Finance Reckless Disregard Treasury Sloppy Financial Institutions Passing On

Author:Richard Shelby

“I had a lot of experience with people smarter than I am.”

People Patriotic Smarter

Author:Gerald R. Ford

“In the past six months, our federal government has devised a dozen strategies to save America's financial markets. Each plan has been more costly, more risky, and less aligned with the principles of our country's free market economy than the last. I am disappointed to say that this latest plan puts all the rest of them to shame.”

“Wall Street got drunk and now it's got a hangover. And the question is, how long will it sober up and not try to do those fancy financial instruments?”

Trying Long Business Streets Wall Instruments Financial Finance Drunk Fancy Sober Hangover Sober Up

Author:George W. Bush

“In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.”

World Would Be Used Individual Lost Levels Business Risk One Thing Ideals Dollars Lists Billions Finance Vegetarian Speakers Reducing Traders Betting Derivatives Ideal World Esperanto

Author:John Lanchester

“The City is, in terms of its basic functioning, a far-off country of which we know little.”

Knows Littles Country Term Business Cities Finance

Book:I.O.U.: Why Everyone Owes Everyone and No One Can Pay

Source: I.O.U.: Why Everyone Owes Everyone and No One Can Pay

“It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.”

Seems Past Business Worst Financial Decades Finance Fund Contracts Investors Trading Innovative Superfluous Derivatives Constrain

Author:Alan Greenspan