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Nassim Taleb - The world is dominated not by the median, not by the average, but by the extremes — the monsters on the tails
Welcome to the Daily Quote – I'm Andrew McGivern.Today's quote comes from Nassim Taleb, author of "The Black Swan" and one of the most provocative thinkers on risk, probability, and impact.
He wrote:
"The world is dominated not by the median, not by the average, but by the extremes — the monsters on the tails."
Think about what Taleb is saying here. We're taught to focus on the average. The median. The middle of the bell curve. That's where most people are, so that's what matters, right? Wrong.
The world isn't shaped by the average. It's shaped by the extremes. The outliers. The rare events…
The skinny
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