A Quote by Nassim Nicholas Taleb

Many people keep deploring the low level of formal education in the United states (as defined by, say, math grades). Yet these fail to realize that the new comes from here and gets imitated elsewhere. And it is not thanks to universities, which obviously claim a lot more credit than their accomplishments warrant. Like Britain in the Industrial Revolution, America's asset is, simply, risk taking and the use of optionality, this remarkable ability to engage in rational forms fo trial and error, with no comparative shame in failing again, starting again, and repeating failure.
Because I had visited Silicon Valley, I recognized the microprocessor was going to lead the second industrial revolution. We Chinese could not miss that opportunity again - we missed the first industrial revolution already. We put our effort into trying to bring this new technology from the United States to Taiwan. That was the begining of Acer.
We place the highest value on actual implementation and taking action. There are many things one doesn’t understand and therefore, we ask them why don’t you just go ahead and take action, try to do something? You realize how little you know and you face your own failures and you simply can correct those failures and redo it again and at the second trial you realize another mistake or another thing you didn’t like so you can redo it once again. So by constant improvement, or, should I say, the improvement based upon action, one can rise to the higher level of practice and knowledge.
In the UK a lot of people don't like to try. There's a different cultural thing. Here [in USA] if you try and fail, you get up again and start again and keep going. People respect you for it. Even if you keep failing, they respect the tenacity.
I say that our system of tests and grades, as it now exists, is one source of the low yield of great men from our universities. The marking system is a traumatic experience from which most students emerge with a deep determination never to get into a situation where they can be marked again. They just won't ever again take a chance.
Obviously Muslim societies, like societies elsewhere, are becoming increasingly urban, many are becoming industrial, but since so many have oil and gas, they don't have a great impetus. But again, the revenue that natural resources produce gives them the capability and so countries like Iran are beginning to develop an industrial component.
America's got to look after America again. That means taking a realistic appraisal of who is actually at risk in this country, not whining feminists, or whinging Black Lives Matter activists, but gay people and women at risk from Islam. Also, so people in this country who have been treated badly, lied to and lied about. An honest appraisal of who actually needs government attention in this country. And when all of that is done, then we can think about interfering elsewhere again.
Hearing, seeing and understanding each other, humanity from one end of the earth to the other now lives simultaneously, omnipresent like a god thanks to its own creative ability. And, thanks to its victory over space and time, it would now be splendidly united for all time, if it were not confused again and again by that fatal delusion which causes humankind to keep on destroying this grandiose unity and to destroy itself with the same resources which gave it power over the elements.
We've had different genres within our genre for so long that people just fail to realize that it's going to keep repeating and we're watching the cycle repeat again.
Now between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.
So, it's a continual process of trial and error and then I find things and I throw it out and start again, but I keep writing it over again.
You cannot achieve success without the risk of failure. And I learned a long time ago, you cannot achieve success, if you fear failure. If you're not afraid to fail, man, you have a chance to succeed. But you're never gonna get there unless you risk it, all the way. I'll risk failure. Sometimes, half the fun is failing. Learning from your mistakes, waking up the next morning, and saying 'Okay. Watch out. Here I come again. A little bit smarter, licking my wounds, and really not looking forward to getting my ass kicked the way I just did yesterday.' So now, I'm just a little more dangerous.
The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value goes up. You put it up as collateral. You borrow against it. You buy more of the asset. You then take the rising asset. You borrow against it again. This is the nature of what's going on in the world. This isn't an excess of real savings. This is an excess of artificial credit that's being fueled by all the central banks.
America needs the best education system in the world. We have it in higher education. We do not have it in general education for all of our people - the K-12 education. Other nations are far, far outdoing the United States in that area. We still have the lead in research, but once again, other nations are pouring more into research also. We still have a lead, but to me it's just very, very important that we keep that lead in basic research.
It's not an exaggeration to say that Texas gets a lot more out of being part of the United States than the United States gets out of having Texas as one of the states.
An environmental revolution is taking shape in the United States. This revolution has touched communities of color from New York to California and from Florida to Alaska - anywhere where African Americans, Latinos, Asians, Pacific Islanders, and Native Americans live and comprise a majority of the population. Collectively, these Americans represent the fastest growing segment of the population in the United States. They are also the groups most at risk from environmental problems.
What is to be got at to make the air sweet, the ground good under the feet, can only be got at by failure, trial, again and again and again failure.
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