Fragility is the quality of things that are vulnerable to volatility.

People have the problem of denial. This is one of the things I learned in Lebanon. Everybody who left Beirut when the war started, including my parents, said, 'Oh, its temporary.' It lasted 17 years! People tend to underestimate the gravity of these situations. That's how they work.

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

Heroes are heroes because they are heroic in behavior, not because they won or lost.

My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.

...maximize the serendipity around you.

Every social association that is not face-to-face is injurious to your health.