The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.

Information is bad for knowledge.

Political life loves some volatility.

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

The irony of the process of thought control: the more energy you put into trying to control your ideas and what you think about, the more your ideas end up controlling you.

The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.

Learn to fail with pride - and do so fast and cleanly. Maximise trial and error - by mastering the error part.