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

I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis.

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.

He who has never sinned is less reliable than he who has only sinned once.

Realism is punishing. Probabilistic skepticism is worse.

The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist

If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.