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."

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.

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile.

If something is going on, I hear about it. I like to talk to people, I socialise. Television is a waste of time. Human contact is what matters.

Never, never, never think - that's one lesson you should have in life. Never think that lack of variability is stability.

Procrastination is the soul rebelling against entrapment.