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Nassim Nicholas Taleb

Nassim Nicholas Taleb

Born 1960 · Age 65

Lebanese–American essayist, mathematical statistician, former derivatives/options trader, risk analyst and author of the Incerto (including The Black Swan and Antifragile). Distinguished Professor of Risk Engineering at NYU Tandon and scientific adviser to Universa Investments.

Total Events
56
Career Span
64 years
Peak Net Worth
$125,000,000

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Life & Career Timeline

1960Age 0

Born in Amioun, Lebanon

Born to Minerva Ghosn and Nagib Taleb in Amioun, Lebanon.

9/12/1960Source
Confidence
99%
1975Age 15

Lebanese Civil War begins; family wealth reduced

Lebanese Civil War began, reducing family's political prominence and wealth; affected his upbringing and education in Beirut.

1/1/1975Source
Confidence
95%
1983Age 23

Earned MBA from Wharton School (University of Pennsylvania)

Completed an MBA at the Wharton School; reports that he became fascinated with probability and rare events during this time.

1/1/1983Source
Confidence
99%
1984Age 24

Began career as derivatives/options trader

Started working as a derivatives trader and proprietary trader (held senior positions at major banks over coming years).

12/1/1984Source
Confidence
90%
1987Age 27

Profited from Black Monday (1987) and became financially independent

Reportedly became financially independent after profiting from a hedged short Eurodollar position during the 1987 market crash.

1/1/1987Net Worth: $1,000,000Source
Confidence
70%
1988Age 27

Married Cynthia Shelton

Married Cynthia Anne Shelton at St Anne's Episcopal Church in Atlanta.

1/30/1988Source
Confidence
98%
1997Age 37

Published Dynamic Hedging (technical book)

Published Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley), a technical text on managing nonlinear derivative exposures.

1/1/1997Source
Confidence
99%
1998Age 38

Awarded PhD (University of Paris - Dauphine)

Received PhD in management science; dissertation 'The Microstructure of Dynamic Hedging' under Hélyette Geman, focused on mathematics of derivatives pricing.

1/1/1998Source
Confidence
99%
1999Age 39

Appointed Fellow/Adjunct at NYU Courant Institute

Appointed Fellow in the Mathematics Finance Program and Adjunct Professor of Mathematics at NYU Courant (Dec 1999 appointment noted).

1/1/1999Source
Confidence
95%
1999Age 39

Founded Empirica Capital

Returned to New York City and founded Empirica Capital (hedge fund/asset management firm).

1/1/1999Net Worth: $5,000,000Source
Confidence
60%
2000Age 40

Empirica Kurtosis fund returned 56.86% in 2000

During the dot-com downturn, Empirica's Empirica Kurtosis LLC fund returned 56.86%; Taleb's strategies were highly successful during the Nasdaq decline.

1/1/2000Net Worth: $10,000,000Source
Confidence
60%
2001Age 41

Published Fooled by Randomness

Published Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets; selected by Fortune as one of the smartest 75 books (later recognition).

1/1/2001Source
Confidence
99%
2001Age 41

Inducted into Derivatives Hall of Fame

Listed as a Derivatives Hall of Fame inductee (encyclopedia entry notes 2001).

1/1/2001Source
Confidence
85%
2004Age 44

Closed Empirica Capital

Empirica Capital closed after a period of lower volatility and less spectacular returns following the early-2000s gains.

1/1/2004Source
Confidence
90%
2005Age 45

Ended Courant adjunct role (Dec 2005)

Served as Fellow/Adjunct at NYU Courant from Dec 1999 until Dec 2005.

1/1/2005Source
Confidence
90%
2005Age 45

Fooled by Randomness named among 'smartest 75 books' by Fortune

Fortune magazine selected Fooled by Randomness as one of the smartest 75 books known.

1/1/2005Source
Confidence
90%
2006Age 46

Shifted career emphasis to mathematical research and writing

Stopped full-time trading activities and transitioned to scholarly research, teaching and full-time writing (career shift documented c.2006).

1/1/2006Source
Confidence
90%
2007Age 47

Published influential essays & widened public profile (Black Swan era)

Following the publication of The Black Swan, Taleb's public profile rose sharply; he became a sought-after critic of prevailing risk models.

1/1/2007Source
Confidence
95%
2007Age 47

Joined Universa Investments as adviser

Became a principal/senior scientific adviser to Universa Investments (Mark Spitznagel's fund) based on 'black swan' tail-hedging ideas.

1/1/2007Source
Confidence
95%
2007Age 47

Published The Black Swan

The Black Swan: The Impact of the Highly Improbable was published (popularized the term, widely read in finance and beyond).

1/1/2007Source
Confidence
99%
2007Age 47

Claimed retirement from trading (Wall Street Journal article)

In a 2007 Wall Street Journal article, Taleb stated he retired from trading to become a full-time author (though involvement with funds continued in advisory capacity).

1/1/2007Source
Confidence
90%
2007Age 47

Visiting Research Professor, London Business School (start)

Held visiting research/professorial role at London Business School (tenure cited as Dec 2007 to Jan 2009 in sources).

1/1/2007Source
Confidence
90%
2007Age 47

Became 'totally passive' in fund involvement (self-description from 2010 onward)

Describes his involvement with trading/funds as 'totally passive' from around 2010 onward, despite advisory roles.

1/1/2007Source
Confidence
80%
2008Age 48

Appointed Distinguished Professor of Risk Engineering at NYU Tandon

Joined NYU Tandon School of Engineering as Distinguished Professor of Risk Engineering (appointment Sept 2008).

9/1/2008Source
Confidence
98%
2008Age 48

Universa funds returned large gains (Oct 2008)

Some Universa-managed funds returned between about 65% and 115% in October 2008 amid the financial crisis, generating large profits for tail-hedge positions.

10/1/2008Net Worth: $100,000,000Source
Confidence
50%
2009Age 49

Started Distinguished Research Scholar role at Oxford Said Business School

Served as Distinguished Research Scholar at Oxford's Said Business School BT Center (2009–2013).

1/1/2009Source
Confidence
95%
2009Age 49

Attended World Economic Forum (Davos) and publicly criticized bankers

Spoke at Davos 2009, criticizing bankers' recklessness and urging punishment to prevent repetition; gained public attention.

1/1/2009Source
Confidence
95%
2009Age 49

Named on Forbes list of 'Most Influential Management Gurus'

Included by Forbes in a list of influential management thinkers (2009).

1/1/2009Source
Confidence
90%
2009Age 49

Reported threats / personal attacks after public criticism of finance

Following outspoken comments (e.g., at Davos) and criticism of finance figures, reports emerged of personal threats and attacks against Taleb.

1/1/2009Source
Confidence
80%
2009Age 49

Recognized widely for The Black Swan (Sunday Times/other outlets)

The Sunday Times described The Black Swan (2007) as one of the 12 most influential books since World War II; multiple outlets termed him among the leading thinkers.

1/1/2009Source
Confidence
90%
2010Age 50

Publicly noted as moving fully into writing & research

Continued to publish books and numerous scholarly papers after largely exiting active trading; positioned as scholar and public intellectual.

1/1/2010Source
Confidence
90%
2010Age 50

Published The Bed of Procrustes (aphorisms)

Released The Bed of Procrustes: Philosophical and Practical Aphorisms (Dec 2010).

12/1/2010Source
Confidence
98%
2011Age 51

Advance for follow-up book reported (~$4M)

Reports indicate sales of Taleb's first two books garnered an advance of about $4,000,000 for a follow-up book on antifragility.

1/1/2011Net Worth: $125,000,000Source
Confidence
60%
2011Age 51

Included in Bloomberg's '50 most influential people in global finance'

Named among Bloomberg's 50 most influential people in global finance (2011).

1/1/2011Source
Confidence
90%
2011Age 51

Reported Black Swan sales milestone (≈3 million copies)

By February 2011 The Black Swan had sold close to three million copies and spent 36 weeks on the New York Times bestseller list.

2/1/2011Net Worth: $120,000,000Source
Confidence
45%
2012Age 52

Published Antifragile

Published Antifragile: Things That Gain From Disorder (Nov 2012), expanding on his theory of systems that benefit from volatility.

11/1/2012Source
Confidence
99%
2013Age 53

Named among Gottlieb Duttweiler Institute's '100 thought leaders' (2013)

Included in GDI's list of most influential thought leaders (2013; also listed in 2014 and 2015).

1/1/2013Source
Confidence
85%
2013Age 53

Published technical paper on (anti)fragility (with Raphael Douady)

Published 'Mathematical definition, mapping, and detection of (anti)fragility' in Quantitative Finance (2013) with Raphael Douady.

1/1/2013Source
Confidence
95%
2013Age 53

Gottlieb Duttweiler Institute recognition (2013)

Named among GDI's 100 most influential thought leaders (also listed in 2014 and 2015).

1/1/2013Source
Confidence
85%
2014Age 54

GDI recognition repeated (2014)

Again included among GDI's most influential thought leaders in 2014.

1/1/2014Source
Confidence
80%
2014Age 54

Appointed Co-Editor-in-Chief of Risk and Decision Analysis

Named Co-Editor-in-Chief of the academic journal Risk and Decision Analysis (since Sept 2014).

9/1/2014Source
Confidence
95%
2015Age 55

Published 'Unique Option Pricing Measure' paper (2015)

Published 'Unique Option Pricing Measure with neither Dynamic Hedging nor Complete Markets' in European Financial Management (2015).

1/1/2015Source
Confidence
90%
2015Age 55

GDI recognition repeated (2015)

Included for a third consecutive year (2013–2015) among Gottlieb Duttweiler Institute's 100 thought leaders.

1/1/2015Source
Confidence
80%
2016Age 56

Received honorary doctorate from American University of Beirut

Reportedly received an honorary doctorate from AUB (listed among recognitions around his 2016 commencement appearance).

1/1/2016Source
Confidence
85%
2016Age 55

Delivered commencement address at American University of Beirut

Delivered the 2016 commencement speech at the American University of Beirut (27 May 2016).

5/27/2016Source
Confidence
95%
2016Age 56

Incerto (4-volume) bundle published

Incerto (bundle of the first four works) published in November 2016 as a collected edition.

11/1/2016Source
Confidence
95%
2017Age 56

Guest appearance on Ron Paul Liberty Report

Appeared on the Ron Paul Liberty Report discussing geopolitical/non-interventionist ideas and Skin in the Game themes later dedicated to Paul and Nader.

5/19/2017Source
Confidence
90%
2018Age 58

Received Wolfram Innovator Award

Awarded the Wolfram Innovator Award (2018) for contributions to decision making under complex probabilistic structures.

1/1/2018Source
Confidence
90%
2018Age 57

Published Skin in the Game

Published Skin in the Game: Hidden Asymmetries in Daily Life (Feb 2018), the fifth book of the Incerto series.

2/1/2018Source
Confidence
99%
2018Age 57

Appeared on Ralph Nader Radio Hour in support of Skin in the Game

Appeared on Ralph Nader's radio show (10 March 2018) supporting and promoting Skin in the Game (book dedicated to Nader among others).

3/10/2018Source
Confidence
90%
2019Age 59

Incerto (Deluxe Edition) adds Skin in the Game (Aug 2019)

A deluxe edition bundling all five Incerto volumes (including Skin in the Game) was released in August 2019.

8/1/2019Source
Confidence
95%
2020Age 60

Published 'Tail risk of contagious diseases' (Cirillo & Taleb, Nature Physics)

Co-authored a Nature Physics paper on tail risk and contagious diseases (2020), contributing to COVID‑19 risk literature.

1/1/2020Source
Confidence
95%
2020Age 60

Public science-policy engagement around COVID-19

Published and promoted scientific notes and papers on pandemic systemic risk and model limitations; urged policymakers to take SARS‑CoV‑2 seriously.

1/1/2020Source
Confidence
95%
2020Age 59

Published 'Systemic risk of pandemic via novel pathogens – Coronavirus: A note' (co-authored)

Co-authored a widely circulated note (26 Jan 2020) warning that SARS‑CoV‑2 risks were not being taken seriously enough by policymakers and medical professionals.

1/26/2020Source
Confidence
95%
2023Age 63

Published 'Working with convex responses: Antifragility from finance to oncology' (Entropy)

Co-authored work connecting antifragility and convex responses across domains (2023, Entropy).

1/1/2023Source
Confidence
85%
2024Age 64

Co-authored genetic ancestry paper (Computational and Structural Biotechnology Journal)

Co-authored a 2024 paper on informational rescaling of PCA maps with application to genetic distance (publication listed in sources).

1/1/2024Source
Confidence
70%

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