The rationalist imagines an imbecile-free society; the empiricist and imbecile-proof one, or even better, a rationalist-proof one.

I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis.

In science you need to understand the world; in business you need others to misunderstand it.

To bankrupt a fool, give him information.

We should ban banks from risk-taking because society is going to pay the price.

The narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them, or, equivalently, forcing a logical link, an arrow of relationship, upon them. Explanations bind facts together. They make them all the more easily remembered; they help them make more sense. Where this propensity can go wrong is when it increases our impression of understanding.

It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.