Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.

The classical man's worst fear was inglorious death; the modern man's worst fear is just death

Academia is to knowledge what prostitution is to love.

Weak men act to satisfy their needs, stronger men their duties.

When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

Charm is the ability to insult people without offending them; nerdiness the reverse

My point taken further is that True and False (hence what we call "belief") play a poor, secondary role in human decisions; it is the payoff from the True and the False that dominates-and it is almost always asymmetric, with one consequence much bigger than the other, i.e., harboring positive and negative asymmetries (fragile or antifragile). Let me explain.