Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.

I drive a hybrid, moving into an electric car. I only drink tap water, never consume food that's travelled.

Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.

The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.

If you want to annoy a poet, explain his poetry.

Never take advice from someone wearing a tie.

Never trust a journalist unless she's your mother.