Information is bad for knowledge.

The problem of knowledge is that there are many more books on birds written by ornithologists than books on birds written by birds and books on ornithologists written by birds

Being an economist is the least ethical profession, closer to charlatanism than any science.

Make sure that you are in a situation where the constant mistakes are small and can be used for something.

In the United States large corporations control some members of Congress. All this does is delay the corporation’s funeral at our expense.

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.

Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.