When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.
Remember that you are a Black Swan.
Banking is a very treacherous business because you don’t realize it is risky until it is too late. It is like calm waters that deliver huge storms.
What I learned on my own I still remember.
Meditation is a way to be narcissistic without hurting anyone.
The difference between technology and slavery is that slaves are fully aware that they are not free.
You get pseudo-order when you seek order; you only get a measure of order and control when you embrace randomness.
If you hear a “prominent” economist using the word ‘equilibrium,’ or ‘normal distribution,’ do not argue with him; just ignore him, or try to put a rat down his shirt.
An ad hominem attack against an individual, not against an idea, is highly flattering. It indicates that the person does not have anything intelligent to say about your message.
If you see fraud and do not say fraud, you are a fraud.
If you want to annoy a poet, explain his poetry.
Things always become obvious after the fact.
A mistake is not something to be determined after the fact, but in the light of the information until that point.
My biggest problem with modernity may lie in the growing separation of the ethical and the legal.
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that.
If one puts an infinite number of monkeys in front of typewriters, and lets them clap away, there is a certainty that one of them will come out with an exact version of the ‘Iliad.’
Modernity: we created youth without heroism, age without wisdom, and life without grandeur.
Just as being nice to the arrogant is no better than being arrogant toward the nice, being accommodating toward anyone committing a nefarious action condones it.
My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.
People are much less interested in what you are trying to show them than what you are trying to hide.