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Lijit Search

I've highlighted numerous passages in Nassim Nicholas Taleb's latest book, The Black Swan.  Here is one of them:

Many people labor in life under the impression that they are doing something right, yet they may not show solid results for a long time.  They need a capacity for continuously adjourned gratification to survive a steady diet of peer cruelty without becoming demoralized.  They look like idiots to their cousins, they look like idiots to their peers, they need courage to continue...The problem with lumpy payoffs is not so much the lack of income they entail, but the pecking order, the loss of dignity, the subtle humilitations near the watercooler.

Taleb's advice?  Avoid watercoolers.

Fortunately, there are few watercoolers to be found in Bozeman, Montana.

1:51:38 PM