A mistake is not something to be determined after the fact, but in the light of the information until that point.

My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.

Weak men act to satisfy their needs, stronger men their duties.

I want them poor and they deserve to be poor. You can't have capitalism without punishment.

We tend to treat our knowledge as personal property to be protected and defended. It is an ornament that allows us to rise in the pecking order. [...] We take what we know a little too seriously.

The grandchildren should not bear the debts of the grandparents.

You will be civilized on the day you can spend a long period doing nothing, learning nothing, and improving nothing, without feeling the slightest amount of guilt.