When you beat up someone physically, you get excercise and stress relief; when you assault him verbally on the Internet, you just harm yourself.

A good rule of thumb is as follows: If the numbers come from somebody wearing a tie (Wall Street economist or analyst, industry public relations department, captive think tank academic and so on), you ought to be very skeptical. By design messages from these people are intended to move markets, move merchandise and/or move public policy and are not a comment on the state of the physical universe.

Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer.

Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.

Remember that you are a Black Swan.

The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.

Wit seduces by signaling intelligence without nerdiness.