The incentives are still rotten, and people are still paid to do things they shouldn't be doing. The reforms did not really address the incentives, the system is still dysfunctional and there are still behavioural issues that need to be addressed.

Book tours are almost designed to beat out of an author any affection he has for his book.

I'd say part of the appeal of Trump is that he's presenting himself as a totally certain, infallible person.

People were paid lots of money to make stupid decisions, people in big banks, and when people are paid to be stupid they'll be stupid. The question was, did they know they were being stupid or were they just stupid? I think you need to take it on a case by case basis. There was some sinister activity, but I think by and by it was people being incentivised to do the wrong thing.

It's such a pain in the ass to write a book, I can't imagine writing one if I'm not interested in the subject.

That's what happens when you're thirty-seven years old: you do the things you always did but the result is somehow different.

People dislike uncertainty so much that they will impose an order on it even when it doesn't exist.