Claims

2,653 claims by 33 public figures and organisations, checked against the public record. Each has its quote, source, verdict and evidence. Read them without a key; browse by person.

28,548 claims · page 257 of 286

28,548 claims, sorted by newest said. Choose a claim to read it in full.
VerdictPersonKindSaidClaimTopic
Not checkable Peter Thiel Not checkable 13 Apr 2009 Most importantly, I no longer believe that freedom and democracy are compatible. Peter Thiel · Not checkable · 13 Apr 2009
Not yet due Peter Thiel Prediction 13 Apr 2009 The libertarian future of classic science fiction, as in Heinlein, will not happen before the second half of the 21st century. Peter Thiel · Prediction · 13 Apr 2009 Other global risks
Not checkable Peter Thiel Not checkable 13 Apr 2009 In hindsight, we were preaching mainly to the choir Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 I remain committed to the faith of my teenage years: to authentic human freedom as a precondition for the highest good. Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 Politics gets people angry, destroys relationships, and polarizes peoples’ vision Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 Unlike the world of politics, in the world of technology the choices of individuals may still be paramount. Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 A better metaphor is that we are in a deadly race between politics and technology. Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 Because there are no truly free places left in our world, I suspect that the mode for escape must involve some sort of new and hitherto… Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 I stand against confiscatory taxes, totalitarian collectives, and the ideology of the inevitability of the death of every individual. Peter Thiel · Not checkable · 13 Apr 2009
Mostly true Peter Thiel Factual 13 Apr 2009 The 2008-09 financial crisis was caused by too much debt and leverage, facilitated by a government that insured against moral hazards, and the response involves more debt, leverage and government. Peter Thiel · Factual · 13 Apr 2009 Economics and markets
Mostly true Peter Thiel Factual 13 Apr 2009 As a Stanford undergraduate, Thiel started a student newspaper that he says scored some limited victories, most notably in undoing speech codes instituted by the university. Peter Thiel · Factual · 13 Apr 2009 Their own work or organisation
Not checkable Peter Thiel Not checkable 13 Apr 2009 I must confess that over the last two decades, I have changed radically on the question of how to achieve these goals. Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 The future of technology is not pre-determined, and we must resist the temptation of technological utopianism Peter Thiel · Not checkable · 13 Apr 2009
Unresolvable Peter Thiel Factual 13 Apr 2009 In America, people are imprisoned for using even very mild drugs, tortured by the government, and forced to bail out reckless financial companies. Peter Thiel · Factual · 13 Apr 2009 Philosophy, ethics and society
Not checkable Peter Thiel Not checkable 13 Apr 2009 From my vantage point, the technology involved is more tentative than the Internet, but much more realistic than space travel. Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 It would be absurd to suggest that women’s votes will be taken away or that this would solve the political problems that vex us. Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 While I don’t think any class of people should be disenfranchised, I have little hope that voting will make things better. Peter Thiel · Not checkable · 13 Apr 2009
Not checkable Peter Thiel Not checkable 13 Apr 2009 Voting is not under siege in America, but many other rights are. Peter Thiel · Not checkable · 13 Apr 2009
Unresolvable Peter Thiel Prediction 13 Apr 2009 Enough people will live on seasteads (settlements on the oceans). Peter Thiel · Prediction · 13 Apr 2009 Other
Not checkable Peter Thiel Not checkable 13 Apr 2009 The higher one’s IQ, the more pessimistic one became about free-market politics — capitalism simply is not that popular with the crowd. Peter Thiel · Not checkable · 13 Apr 2009
Mixed Peter Thiel Factual 13 Apr 2009 In the late 1990s, PayPal's founding vision centered on creating a new world currency free from all government control and dilution. Peter Thiel · Factual · 13 Apr 2009 Economics and markets
Not checkable Peter Thiel Not checkable 13 Apr 2009 That’s probably why, in the past, libertarians have made little progress in the political sphere. Peter Thiel · Not checkable · 13 Apr 2009
Unresolvable Peter Thiel Factual 13 Apr 2009 The last economic depression in the United States that did not result in massive government intervention was the collapse of 1920-21. Peter Thiel · Factual · 13 Apr 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 12 Jan 2009 That's why portfolio theory simply doesn't work. Nassim Taleb · Not checkable · 12 Jan 2009
Mostly true Nassim Taleb Factual 12 Jan 2009 Banks positioned themselves with no real upside and a lot of downside from black swans, receiving a little cash flow in exchange for bearing all the downside. Nassim Taleb · Factual · 12 Jan 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 12 Jan 2009 Now that we're in this financial crisis, for example, everybody saw it coming. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 Frankly, anything in finance that has equations is suspicious. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 In The Black Swan, I say that in the historical and socioeconomic domain, black swans are everything. If you ignore black swans, you've got… Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 minimize your exposure to negative black swans. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 I would ban portfolio theory immediately. It's what caused the problems. Nassim Taleb · Not checkable · 12 Jan 2009
Mostly true Nassim Taleb Factual 12 Jan 2009 Taleb warned that financial theories, financial-risk managers and quantitative finance practitioners were dangerous to society. Nassim Taleb · Factual · 12 Jan 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 12 Jan 2009 I would also ban the use of statistics because unless you know statistics very, very well, it's a dangerous, double-edged sword. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 All statistics come from games. But our world doesn't resemble games. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 Instead of dice with one through six, the real world can have one through five—and then a trillion. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 Two, although its probability is low, when it happens it has a massive impact. Nassim Taleb · Not checkable · 12 Jan 2009
Unresolvable Nassim Taleb Factual 12 Jan 2009 Humans do not understand black swans because genetically they did not evolve in an environment with many black swans. Nassim Taleb · Factual · 12 Jan 2009 Philosophy, ethics and society
Mostly true Nassim Taleb Factual 12 Jan 2009 Taleb says that in The Black Swan he warned against some classes of risk people don't understand and against risk managers' tools that could not fully capture the properties of the world in which we live. Nassim Taleb · Factual · 12 Jan 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 12 Jan 2009 Be hyperconservative when it comes to downside risk, hyperaggressive when it comes to opportunities that cost you very little. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 In other words, they say that they saw it coming because they had some thoughts in the shower about this possibility—not because they truly… Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 Most people have the wrong instinct. They do the opposite. Nassim Taleb · Not checkable · 12 Jan 2009
Mostly true Nassim Taleb Factual 12 Jan 2009 Before Europeans discovered Australia, Europeans had no reason to believe swans could be any colour other than white, and on seeing black swans they revised their beliefs. Nassim Taleb · Factual · 12 Jan 2009 Philosophy, ethics and society
Mostly true Nassim Taleb Factual 12 Jan 2009 In the 1920s the German mark went from three marks to the dollar to three trillion marks to the dollar in a very short time. Nassim Taleb · Factual · 12 Jan 2009 Economics and markets
Mixed Nassim Taleb Factual 12 Jan 2009 The computer, the Internet and the laser were recent technological developments that came out of nowhere and were not understood when they appeared. Nassim Taleb · Factual · 12 Jan 2009 Technology
Not checkable Nassim Taleb Not checkable 12 Jan 2009 people don't see it coming before the fact, but after the fact, everybody saw it coming. So it's prospectively unpredictable but… Nassim Taleb · Not checkable · 12 Jan 2009
Mostly true Nassim Taleb Factual 12 Jan 2009 The Internet was not built to help people communicate in chat rooms; it began as a military application and evolved. Nassim Taleb · Factual · 12 Jan 2009 Technology
Not checkable Nassim Taleb Not checkable 12 Jan 2009 It's very foolish to use variance. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 My idea in The Black Swan is to make people think of the unknown and of the potency of the unknown, particularly a certain class of events… Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 take the maximum amount of risk and other forms of exposure to positive black swans when this costs you very little if you're wrong and… Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 It uses metrics like variance to describe risk, while most real risk comes from a single observation, so variance is a volatility that… Nassim Taleb · Not checkable · 12 Jan 2009
Mostly true Nassim Taleb Factual 12 Jan 2009 Taleb said the financial crisis occurred because people took many hidden risks, which meant a small blip could have massive consequences. Nassim Taleb · Factual · 12 Jan 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 12 Jan 2009 And I would ban linear regression. All these things don't work. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 I have no idea. I don't know if markets are efficient or inefficient. I don't know if we'll ever know. And I don't know if it's relevant. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 You cannot predict a black swan. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Nassim Taleb Not checkable 12 Jan 2009 Number one, its probability is low and based on past knowledge. Nassim Taleb · Not checkable · 12 Jan 2009
Not checkable Jeremy Grantham Not checkable 2009 The concept of rational expectations – the belief in the natural efficiency of capitalism – is wrong, and is the root cause of our problems. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 You have what I call a geometric or exponential increase in risks. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 a systemic (suddenly the trendiest word in the English language) weakness in our method of job selection. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Still, all in all, it didn’t seem deserved. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 I can’t tell you how surprised, even embarrassed I was to get the Nobel Prize in chemistry. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Step 1 should be to ban or spin off that part of the trading of the bank’s own money that has become an aggressive hedge fund. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 I must say, though, that I never expected such an extreme tilt to risk-taking: it’s practically a cliff! Jeremy Grantham · Not checkable · 2009
Not checkable Nouriel Roubini Not checkable 2009 The policy action taken by Greenspan on a number of occasion exacerbated these moral hazard or expectation of a bailout. Nouriel Roubini · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 In a bank with a hedge fund heart, you can’t reasonably expect ethical or non-greedy behavior, and you haven’t seen it. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Too few agencies and we run the risk of my worst nightmare: waking up and finding Alan Greenspan with twice the authority! Jeremy Grantham · Not checkable · 2009
Unresolvable Nassim Taleb Factual 2009 In 2009, Taleb said that he probably had the best track record in existence at that time, because, comparatively, other people had disappeared. Nassim Taleb · Factual · 2009 Their own work or organisation
Not checkable Nassim Taleb Not checkable 2009 The fact is that we took risks and they got paid. Nassim Taleb · Not checkable · 2009
Mostly true Nouriel Roubini Factual 2009 Greenspan and the Fed spoke of irrational exuberance in tech stocks in 1996 without acting, and after the tech bubble burst cut rates to 1%, then to zero after the housing bust. Nouriel Roubini · Factual · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 Reappointing Bernanke! What a wasted opportunity to get a “son of Volker” type. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 What I’ve done is made a very nice map of what it is that we understand and what it is that we don’t understand. Nassim Taleb · Not checkable · 2009
Unresolvable Nassim Taleb Prediction 2009 Banks will become utilities, run with the responsibility of a water company. Nassim Taleb · Prediction · 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 2009 The general public needs to know that a lot of bogus claims have been made by the financial economics establishment, based on metrics that… Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 Let’s have more transparency, fewer complicated products we don’t understand. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Why should we be confident that we will find such improved leaders? Jeremy Grantham · Not checkable · 2009
Not checkable Nouriel Roubini Not checkable 2009 So this asymmetric response, not doing anything on the way up to try to prevent the bubble and then easing implied that investors believed… Nouriel Roubini · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Well, our independent committee members in this case are the unwitting (or witting) slaves of the theories of French, Fama, Malkiel, Lucas… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The agents’ interests were totally unaligned with the principle/clients’ interests. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 we have decided to encourage consumption and penalize savers by maintaining the aforementioned artificially low rates Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 If I give you a number, you’re going to take more risk. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 U.S. high quality, foreign developed (EAFE), and some emerging (with the benefit of the doubt) are collectively a reasonable buy. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 I will also invest the award to help save the planet. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 With these two steps and possibly with an intelligent son of Glass-Steagall, the deed would be done! Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The financial system was growing because it could. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 We have a faulty risk management system that underestimated probabilities while giving people the illusion of understanding them. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 I would recommend to institutional investors, including my colleagues, to give emerging equities the benefit of value doubts when you can. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 All the metrics have the effect of underestimating the impact of the possibility of very large deviations. Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 It is a white swan, but very few people saw it coming, I guarantee. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 We are nervous about the possibility of a major shock to Chinese growth. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 I feel angry. Very, very angry. Nassim Taleb · Not checkable · 2009
Resolved true Nouriel Roubini Factual 2009 US real home prices doubled between 1996 and 2006, whereas historically home prices never rose more than inflation. Nouriel Roubini · Factual · 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 2009 For example, if the market drops 10% you lose $100 million. Nassim Taleb · Not checkable · 2009
Unresolvable Nassim Taleb Prediction 2009 Banks will probably hold little risk on their balance sheets, with risks borne by individuals with capital using their own money. Nassim Taleb · Prediction · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 Timothy Geithner, in turn, sat in the very engine room of the USS Disaster and helped steer her onto the rocks. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Here we have adopted a particularly simple and comprehensible policy: make them bigger! Jeremy Grantham · Not checkable · 2009
Mostly true Nouriel Roubini Factual 2009 Roubini began worrying about the US economy and financial system in 2006 after seeing an unsustainable housing bubble in home prices and mortgages. Nouriel Roubini · Factual · 2009 Their own work or organisation
Not checkable Nassim Taleb Not checkable 2009 But if the market drops 15%, you don’t lose another $50 million, you lose an extra $2 billion. Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 When I trade I don’t have an agency problem; I have my neck on the line. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 A simpler, more manageable financial system is much more than a luxury. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Assets in our very inefficient world should surely be moved slowly toward the best mix of risk and return. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 We should ban banks from risk-taking because society is going to pay the price. Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 Nobody saw the real cost. Nassim Taleb · Not checkable · 2009
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Nassim Taleb

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Not checkable

“Nobody saw the real cost.”

Nassim Taleb 2009 Nassim Nicholas Taleb (Time interview) (Time)

Nobody saw the real cost.

Not checkable An opinion, value judgement or statement with nothing to check.

Cite this claim

Nassim Taleb, “Nobody saw the real cost.” (said 2009). Verdict: not checkable. Reliability API, claim c_57ee0fe91c6f, method 0.1.0+28da144b. https://epistacklabs.com/claims/c_57ee0fe91c6f

Verdicts are made automatically; how verdicts and scores are made. The same data is on Hugging Face under CC BY 4.0.