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" one cannot judge a performance in any given field (war, politics, medicine, investments) by the results, but by the costs of the alternative (i.e., if history played out in a different way). "

Nassim Nicholas Taleb , Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets


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Nassim Nicholas Taleb quote : one cannot judge a performance in any given field (war, politics, medicine, investments) by the results, but by the costs of the alternative (i.e., if history played out in a different way).