Only Ponzi schemes should depend on confidence. Governments should never need to "restore confidence.” Cascading rumours are a product of complex systems. Governments cannot stop the rumours. Simply, we need to be in a position to shrug off rumours, be robust in the face of them. (Nassim Nicholas Taleb)

Only Ponzi schemes should depend on confidence. Governments should never need to "restore confidence.” Cascading rumours are a product of complex systems. Governments cannot stop the rumours. Simply, we need to be in a position to shrug off rumours, be robust in the face of them.

Nassim Nicholas Taleb

Related topics

complex confidence face need off position product restore should shrug stop ponzi

Related quotes

Let's face it: if you and I have the same capabilities, the same energy, the same staff, if the only thing that's different between you and me is the products we can get, and I can get a better product than you, I'm going to be a better chef.

Thomas Keller

Ordinary citizens are obliged and, if need be, compelled by force to meet their commitments. But let higher obligations of an international order be involved, and governments repudiate them, more often than not with a disdainful shrug of the shoulders.

Charles Albert Gobat

Of course, we need not be surprised if artistic excellence goes unrecognized on account of being unknown; but there should be the greatest indignation when, as often, good judges are flattered by the charm of social entertainments into an approbation which is a mere a pretence.

Vitruvius

On the tennis court, one needs a cool temperament, tremendous ball sense, reflexes, speed, hand-eye co-ordination, power, timing and peak physical fitness. Off the court, the player and support team need skills in planning, execution, travel, an ability to raise funds when needed, and several other talents.

Sania Mirza

What do we tell our children? Haste makes waste. Look before you leap. Stop and think. Don't judge a book by its cover. We believe that we are always better off gathering as much information as possible and spending as much time as possible in deliberation.

Malcolm Gladwell