As countries get rich they start increasing education and the very educated people tend to not like trial and error, because they think they're obligated to use the body of knowledge they have.

There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.

Maximum of an average is necessarily less volatile than the average maximum

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

Debt is a mistake between lender and borrower, and both should suffer.

The classical man's worst fear was inglorious death; the modern man's worst fear is just death

true humility is when you can surprise yourself more than others; the rest is either shyness or good marketing