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

They will envy you for your success, your wealth, for your intelligence, for your looks, for your status - but rarely for your wisdom.

Character is proportionate to N, the number of consecutive failures without being discouraged, or equivalently, the number of successive rejections without being intimidated.

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

Heroes are heroes because they are heroic in behavior, not because they won or lost.

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

We should ban banks from risk-taking because society is going to pay the price.