Academia is to knowledge what prostitution is to love.

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

Switzerland is the perfect place where you have volatility at a municipal level that nothing up top - small units competing with each other.

If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.

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

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?

They will envy you for your success, your wealth, for your intelligence, for your looks, for your status - but rarely for your wisdom.