The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events "unlikely."

Ideas come and go, stories stay.

Also, it's good to have more than one profession, in case your own profession goes out of style. A Wall Street trader who's also a belly dancer will do a lot better than a trader who winds up driving a taxi.

Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.

There are secrets to our world that only practice can reveal, and no opinion or analysis will ever capture in full.

Writing is the art of repeating oneself without anyone noticing.

Any system that is deprived of its natural volatility, with government up (unintelligible) volatile, any system becomes very fragile.