You are rich if and only if money you refuse tastes better than money you accept.

Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.

Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.

Never trust a journalist unless she's your mother.

The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.

It does not matter how frequently something succeeds if failure is too costly to bear.

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.