When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns - in short, being fooled by randomness.

He who has never sinned is less reliable than he who has only sinned once. And someone who has made plenty of errors-though never the same error more than once-is more reliable than someone who has never made any.

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.

Economics make homeopath and alternative healers look empirical and scientific.

What I learned on my own I still remember

If my detractors knew me better they would hate me even more.

Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.