The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist

If you have more than one reason to do something (choose a doctor or veterinarian, hire a gardener or an employee, marry a person, go on a trip), just don’t do it. It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions (robust to error) require no more than a single reason.

At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.

My biggest problem with modernity may lie in the growing separation of the ethical and the legal

Probability is not about the odds, but about the belief in the existence of an alternative outcome, cause, or motive.

They think that intelligence is about noticing things are relevant (detecting patterns); in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)

You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.