People who forecast simply because "that's my job," knowing pretty well that their forecast is ineffectual, are not what I would call ethical. What they do is no different from repeating lies simply because "it's my job."

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.

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.

If one puts an infinite number of monkeys in front of typewriters, and lets them clap away, there is a certainty that one of them will come out with an exact version of the 'Iliad.'

Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.

We cannot truly plan, because we do not understand the future-but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts.

Redundancy is ambiguous because it seems like a waste if nothing unusual happens. Except that something unusual happens-usually .