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

Stoicism is about the *domestication* of emotions, not their elimination.

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.

I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.

Realism is punishing. Probabilistic skepticism is worse.

I always remind myself that what one observes is at best a combination of variance and returns, not just returns.

Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking.