Real risk is never about volatility; it's about the things you never even considered could happen. 99% of people are focused on figuring out how to make more money, while only 1% are studying how not to die. And the only certainty in the market is that sooner or later, it will wipe out that 99%. His most savage line: If you haven’t been stopped out at least once in five years, it means you’re not really trading—you’re just gambling. A true trader isn’t the one who makes the most money, but the one who’s still sitting at the table in the end. Taleb’s survival rule: Put 99% of your money into assets that can survive 10,000 years, and use the remaining 1% to buy cheap put options. Then, sit back like a philosopher and watch the show, waiting for the world to blow up. The ultimate wisdom of trading: Don’t chase getting rich fast; focus on not dying fast. — Nassim Nicholas Taleb, author of *The Black Swan* and *Antifragile*