# Quote — Nassim Nicholas Taleb, Fooled by Randomness

> [H]istory cannot lend itself to experimentation. But... is potent enough... to eventually bury the bad guy. Bad trades catch up with you... Mathematicians of probability give that a... name: . [R]oughly... properties of a very... long sample path would be similar to the Monte Carlo properties of an average of shorter ones. ...Those unlucky... in spite of their skills would eventually rise. The lucky fool... would slowly converge to the state of a less-lucky idiot. Each ...would revert to his long-term properties.

- Author: [Nassim Nicholas Taleb](https://www.leafyquotes.com/nassim-nicholas-taleb.md)
- Book: [Fooled by Randomness](https://www.leafyquotes.com/nassim-nicholas-taleb/fooled-by-randomness.md)
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Nassim_Nicholas_Taleb#Fooled_by_Randomness_(2001)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/nassim-nicholas-taleb/fooled-by-randomness/h-istory-cannot-lend

## More from this book

> The information that a person derived some profit in the past... by itself, is neither meaningful nor relevant. We need to know the size of the population from which he came. If the initial population is 10,000 managers, I would ignore the results.

[Quote page](https://www.leafyquotes.com/nassim-nicholas-taleb/fooled-by-randomness/the-information-that.md)

> [B]ecoming more rational, or not feeling the emotions of social slights, is not part of the human race... not with our current biology. There is no solace to be found from reasoning...

[Quote page](https://www.leafyquotes.com/nassim-nicholas-taleb/fooled-by-randomness/b-ecoming-more-rational.md)

> A mistake is not something to be determined after the fact, but in the light of the information until that point.

[Quote page](https://www.leafyquotes.com/nassim-nicholas-taleb/fooled-by-randomness/a-mistake-is-not.md)