Nassim Nicholas Taleb Quotes
The key to wealth is that it doesn't matter. Once you've had it, you don't think anything of it; you can wear cheap watches.
Taleb, Nassim Nicholas. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. Texere, 2001.
He was expressing his cynicism about deficit spending leading affluence. However, those who advocate government counter-cyclical spending have never advocated constant deficit spending, but have urged deficit spending for specific periods and when the economy has turned around, stopping the spending and reducing the deficit.
Nassim Nicholas Taleb (/ˈtɑːləb/; alternatively Nessim or Nissim; born 1960) is a Lebanese-American essayist, scholar, mathematical statistician, and former option trader and risk analyst, whose work concerns problems of randomness, probability, and uncertainty. His 2007 book The Black Swan has been described by The Sunday Times as one of the twelve most influential books since World War II.