A Quote by Nassim Nicholas Taleb

We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.

Nassim Nicholas Taleb

Quote Topics

Business Culture Dentist Does Drill End Entertainment Make Market Money More Need Own Own Business People Rather Savings Should Stock Stock Market Teeth Than Think Traders Up Use Whatever

Quote Author

Nassim Nicholas Taleb
Lebanese - Scientist
Born: 1960

Money you know you need or want to spend in the next few years is savings. Money you keep handy for an emergency belongs in savings. Money you hope to use soon for a down payment on a house belongs in savings. And all savings belong in a low-risk bank savings account or money market account.

Suze Orman

The grinding of the intellect is for most people as painful as a dentists drill.

Leonard Woolf

Like going to the dentist, where you write: "Dental appointment today. All of the dentists in Boulder are 'holistic.' They can't fill a cavity but they're good for your soul. Your teeth rot, but apparently your spirit prospers."

Ken Wilber

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.

Michael Hudson

I like using animals because they help suspend my reader's disbelief. We have certain ideas about dentists. We don't have many ideas about rhinoceros dentists.

Yann Martel

Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker.

Ron Chernow

Two of the most frustrated trades are dentists and photographers - dentists because they want to be doctors, and photographers because they want to be painters.

Pablo Picasso

If you just heard 90 percent of dentists recommend something, it's too statistical. Nine out of 10 says: Well, it's just virtually everyone. It leads you to think of that joke about the one dentist. But so much of communication.

Frank Luntz

I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock.

Peter Schiff

The only people who need degrees are dentists and brain surgeons.

David Hockney

I've had dentists who have wanted to help me out, but I say, 'You know, I won't work again if you fix my teeth.'

Steve Buscemi

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.

Michael Hudson

The other dynamic keeping the stock market up - both for technology stocks and others - is that companies are using a lot of their income for stock buybacks and to pay out higher dividends, not make new investment,. So to the extent that companies use financial engineering rather than industrial engineering to increase the price of their stock you're going to have a bubble. But it's not considered a bubble, because the government is behind it, and it hasn't burst yet.

Michael Hudson

Photographers, along with dentists, are the two professions never satisfied with what they do. Every dentist would like to be a doctor and inside every photographer is a painter trying to get out.

Pablo Picasso

When I say the economy is shrinking, it's the economy of the 99%, the people who have to work for a living and depend on earning money for what they can spend. The 1% makes its money basically by lending out their money to the 99%, on charging interest and speculating. So the stock market's doubled, the bond market's gone way up, and the 1% are earning more money than ever before, but the 99% are not. They're having to pay the 1%.

Michael Hudson

Dentists tell you not to pick your teeth with any sharp metal object. Then you sit in their chair and the first thing they grab is an iron hook.