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

It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.

What I learned on my own I still remember

Most so-called writers keep writing and writing with the hope, some day, to find something to say.

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

If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.

Success is becoming in middle adulthood what you dreamed to be in late childhood.