If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.

He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.

When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns - in short, being fooled by randomness.

The fool generalizes the particular; the nerd particularizes the general; some do both; and the wise does neither

I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries.

Democracies can't handle austerity measures very well.

Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.