Academia is to knowledge what prostitution is to love; close enough on the surface but, to the non-sucker, not exactly the same thing.

Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.

Education makes the wise slightly wiser, but it makes the fool vastly more dangerous.

What is nonmeasurable and nonpredictable will remain nonmeasurable and nonpredictable ... no matter how much hate mail I get.

Academia is to knowledge what prostitution is to love; close enough on the surface but, to the non-sucker, not exactly the same thing.

Work hard, not in grunt work, but in chasing such opportunities and maximizing exposure to them. This makes living in big cities invaluable because you increase the odds of serendipitous encounters-you gain exposure to the envelope of serendipity.

Half of the people lie with their lips; the other half with their tears