I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.

Auto repair, piloting, skiing, perhaps even management: these are skills that yield to application, hard work, and native talent. But forecasting an uncertain future and deciding the best course of action in the face of that future are much less likely to do so. And much of what we've seen so far suggests that a large group of diverse individuals will come up with better and more robust forecasts and make more intelligent decisions than even the most skilled "decision maker."

If companies tell us more, insider trading will be worth less.

Disasters redistribute money from taxpayers to construction workers, from insurance companies to homeowners, and even from those who once lived in the destroyed city to those who replace them. It's remarkable that this redistribution can happen so smoothly and quickly, with devastated regions reinventing themselves in a matter of months.

Movies' mistrust of capitalism is almost as old as the medium itself.

If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.

You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.