Dress your best on your execution day. Be extremely courteous to your assistant when you lose money. Try not to blame others for your fate, even if they deserve blame. Never exhibit any self-pity. Do not complain.

Most people are sceptical about the wrong things and gullible about the wrong things.

An erudite is someone who displays less than he knows; a journalist or consultant the opposite.

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

But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.

The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference

People who forecast simply because "that's my job," knowing pretty well that their forecast is ineffectual, are not what I would call ethical. What they do is no different from repeating lies simply because "it's my job."