Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.

In science you need to understand the world; in business you need others to misunderstand it.

The rationalist imagines an imbecile-free society; the empiricist and imbecile-proof one, or even better, a rationalist-proof one.

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

The only valid political system is one that can handle an imbecile in power without suffering from it

It is much harder to become independent if you are wealthy than to become wealthy if you are independent.

Democracies can't handle austerity measures very well.