When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

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

A good maxim allows you to have the last word without even starting a conversation.

The opposite of manliness isn't cowardice; it's technology.

If you want to annoy a poet, explain his poetry.

A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.

Prediction, not narration, is the real test of our understanding of the world.