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

The grandchildren should not bear the debts of the grandparents.

Weak men act to satisfy their needs, stronger men their duties.

Wit seduces by signaling intelligence without nerdiness.

This is the tragedy of modernity: as with neurotically overprotective parents, those trying to help are often hurting us the most.

But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.

Work hard, not in grunt work, but in chasing such opportunities and maximizing exposure to them. This makes living in big cities invaluable because you increase the odds of serendipitous encounters-you gain exposure to the envelope of serendipity.