Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.

We tend to treat our knowledge as personal property to be protected and defended. It is an ornament that allows us to rise in the pecking order. [...] We take what we know a little too seriously.

Those who do not think that employment is systemic slavery are either blind or employed.

What America does best is produce the ability to accept failure.

If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!

There are systems that use failure as fuel for improvement, where the cost of failure is small.

I always remind myself that what one observes is at best a combination of variance and returns, not just returns.