In economic life and history more generally, just about everything of consequence comes from black swans; ordinary events have paltry effects in the long term.

I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.

If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.

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

You find peace by coming to terms with what you don't know.

The inability to predict outliers implies the inability to predict the course of history

Work hard, not in grunt work, but in chasing such opportunities and maximizing exposure to them. This makes living in big cities invaluable because you increase the odds of serendipitous encounters-you gain exposure to the envelope of serendipity.