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“Finally, when young people who “want to help mankindâ€� come to me asking, “What should I do? I want to reduce poverty, save the world,â€� and similar noble aspirations at the macro-level, my suggestion is: 1) Never engage in virtue signaling; 2) Never engage in rent-seeking; 3) You must start a business. Put yourself on the line, start a business. Yes, take risk, and if you get rich (which is optional), spend your money generously on others. We need people to take (bounded) risks. The entire idea is to move the descendants of Homo sapiens away from the macro, away from abstract universal aims, away from the kind of social engineering that brings tail risks to society. Doing business will always help (because it brings about economic activity without large-scale risky changes in the economy); institutions (like the aid industry) may help, but they are equally likely to harm (I am being optimistic; I am certain that except for a few most do end up harming). Courage (risk taking) is the highest virtue. We need entrepreneurs.”
― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life

“Some people can read War and Peace and come away thinking it's a simple adventure story. Others can read the ingredients on a chewing gum wrapper and unlock the secrets of the universe”
― Lex Luthor

“Courage (risk taking) is the highest virtue. We need entrepreneurs.”
― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life

“Avoid taking advice from someone who gives advice for a living, unless there is a penalty for their advice.”
― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life