I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.

A prophet is not someone with special visions, just someone blind to most of what others see

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

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?

If you're going to fail, you'd rather fail early than fail late in general.

You don't become completely free by just avoiding being a slave; you also need to avoid becoming a master.

What I learned on my own I still remember