The imagination of the genius vastly surpasses his intellect; the intellect of the academic vastly surpasses his imagination

Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.

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

The three most harmful addictions are heroin, carbohydrates, and a monthly salary.

Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.

The grandchildren should not bear the debts of the grandparents.

It is much harder to become independent if you are wealthy than to become wealthy if you are independent.