You want failures to be small and informational. Silicon Valley does very well. It knows how to use failure as a tool for improvement.

A verbal threat is the most authentic certificate of impotence.

I am happy everywhere except in places where I see glitz and rich farts. I am happiest in Brooklyn, where the concentration of rich farts is minimal.

Learn to fail with pride - and do so fast and cleanly. Maximise trial and error - by mastering the error part.

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

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

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