Most people are sceptical about the wrong things and gullible about the wrong things.

You are rich if and only if money you refuse tastes better than money you accept.

You get pseudo-order when you seek order; you only get a measure of order and control when you embrace randomness.

When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

Rationalism crashes in the tails.

It does not matter how frequently something succeeds if failure is too costly to bear.

Being an entrepreneur is an existential, not just a financial thing.