Quotes from Nassim Taleb's Anti-fragile

Good quotes form Nassim Taleb's Anti-fragile:

If you see fraud and do not say fraud, you are a fraud

George Santayana - A man is morally free when ...he judges the world and judges other men with uncompromising sincerity

stoic sage  - someone who transforms fear into prudence, pain into information, mistakes in intuition, and desire into undertaking

1. Never get in a plane if the pilot is not on board. and 2. Make sure there is a co-pilot

I want predictors to have visible scars on their body from precision errors, not distribute these errors to society.

Never ask anyone for their opinion, forecast, or recommendation.Just ask them what they have  - or don't have  in their portfolio

Suckers try to win arguments, non-suckers try to win.

Do not cross a river if it is on average four feet deep.

 Philosophers talk about truth and falsehood, people talk about payoff, exposure, and consequences (risk and rewards)

Other key thoughts 

The road to trading ruin. Traders trade - figure out techniques to gain - academics find formulas to explain traders - new traders follow academics  - blowups

Always look for convex payoff.

Remember the turkey problem. Life is good until Thanksgiving.

What is important is relevant knowledge.