...maximize the serendipity around you.

When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.

Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.

Janet Yellen at the FED is equivalent to having a biology schoolteacher who has never seen blood perform brain surgery.

Another definition of modernity: conversations can be more and more completely reconstructed with clips from other conversations taking place at the same time on the planet.

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.

There are systems that use failure as fuel for improvement, where the cost of failure is small.