The world we live in is vastly different from the world we think we live in.

Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.

To become a philosopher, start by walking very slowly.

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

Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.

We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.

It is much harder to become independent if you are wealthy than to become wealthy if you are independent.