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

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."

Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.

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.

Sometimes even a smart crowd will make a mistake.

Downsizing itself is an inevitable part of any creatively destructive economy.

Real politics is messy and morally ambiguous and doesn't make for a compelling thriller.