Given the number of people trying to get on the money-making bus, there is a progressive accumulation of Black Swan risks in such systems. Then, boom, the systemic blowup happens. Nassim Nicholas Taleb Black swan, Business, Failure, Money, Risk You May Also Like The salary of the chief executive of the large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself. By John Kenneth Galbraith Achievement, Business, Corporation, Executive, Salary It is not the employer who pays wages; he only handles the money. It is the product that pays wages. By Henry Ford Business, Employers, Money, Product, Wages I don’t trust a bank that would lend money to such a poor risk. By Robert Benchley Bankers, Banking, Risk, Sarcastic I don’t know the key to success, but the key to failure is trying to please everybody. By Bill Cosby Achievement, Failure, Life, Success, Wise Money is like manure. If you spread it around, it does a lot of good, but if you pile it up in one place, it stinks like hell. By Clint W. Murchison Funny, Giving back, Money, Wealth Before you build a better mousetrap, it helps to know if there are any mice out there. By Mortimer B. Zuckerman Business, Clients, Customers, Funny You May Also Like from Nassim Nicholas Taleb One should not mess with a system if the results are fraught with uncertainty, or, more generally, should avoid engaging in an action with a big downside if one has no idea of the outcomes. By Nassim Nicholas Taleb Life, Risk, Wise Courage is the only virtue you cannot fake. By Nassim Nicholas Taleb Courage, Entrepreneurs, Entrepreneurship, Risk You can define a free person precisely as someone whose fate is not centrally or directly dependent on peer assessment. By Nassim Nicholas Taleb Freedom, Life, Meaningful, Powerful, Wise What is absent from the data should be taken into account—absence of Black Swans in the record doesn’t mean these were not there. By Nassim Nicholas Taleb Black swan, Business, Data, Entrepreneurs, Wise Entrepreneurs are heroes in our society. They fail for the rest of us. By Nassim Nicholas Taleb Entrepreneurs, Entrepreneurship, Failure, Heroes, Inspirational Mediocre minds cannot handle ambiguity. By Nassim Nicholas Taleb Innovation, Success, Wise
The salary of the chief executive of the large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself. By John Kenneth Galbraith Achievement, Business, Corporation, Executive, Salary
It is not the employer who pays wages; he only handles the money. It is the product that pays wages. By Henry Ford Business, Employers, Money, Product, Wages
I don’t trust a bank that would lend money to such a poor risk. By Robert Benchley Bankers, Banking, Risk, Sarcastic
I don’t know the key to success, but the key to failure is trying to please everybody. By Bill Cosby Achievement, Failure, Life, Success, Wise
Money is like manure. If you spread it around, it does a lot of good, but if you pile it up in one place, it stinks like hell. By Clint W. Murchison Funny, Giving back, Money, Wealth
Before you build a better mousetrap, it helps to know if there are any mice out there. By Mortimer B. Zuckerman Business, Clients, Customers, Funny
One should not mess with a system if the results are fraught with uncertainty, or, more generally, should avoid engaging in an action with a big downside if one has no idea of the outcomes. By Nassim Nicholas Taleb Life, Risk, Wise
Courage is the only virtue you cannot fake. By Nassim Nicholas Taleb Courage, Entrepreneurs, Entrepreneurship, Risk
You can define a free person precisely as someone whose fate is not centrally or directly dependent on peer assessment. By Nassim Nicholas Taleb Freedom, Life, Meaningful, Powerful, Wise
What is absent from the data should be taken into account—absence of Black Swans in the record doesn’t mean these were not there. By Nassim Nicholas Taleb Black swan, Business, Data, Entrepreneurs, Wise
Entrepreneurs are heroes in our society. They fail for the rest of us. By Nassim Nicholas Taleb Entrepreneurs, Entrepreneurship, Failure, Heroes, Inspirational
