Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that.

You never win an argument until they attack your person.

You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.

When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters.

A system, artificially stabilized, and of course you have hidden risks under the surface, and you don't know where the risks are.

The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.

You need a story to displace a story.