Being an entrepreneur is an existential, not just a financial thing.

Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile.

Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition, militarism without fortitude, progress without civilization, complication without depth, fluency without content; these are the sins to remember.

Hard work will get you a professorship or a BMW. You need both work and luck for a Booker, a Nobel or a private jet.

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.

Character is proportionate to N, the number of consecutive failures without being discouraged, or equivalently, the number of successive rejections without being intimidated.

Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general.