Rationality is not just something you do so that you can make more money, it is a binding principle. Rationality is a really good idea. You must avoid the nonsense that is conventional in one's own time. It requires developing systems of thought that improve your batting average over time.

Those who keep learning, will keep rising in life

It's human nature to extrapolate the recent past into the future, but it's terrible that managements go along with this.

You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.

Accounting incomes were reduced by discrepancy [ but] "the net amount paid by lawyers for lawyerly discrepancy is close to zippo. In this case, the goddess of justice was blind.

The laws of thermodynamic s are such that if the water is getting warmer - and I believe it is - the energy of the weather is going to go up.

I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.