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

Being an economist is the least ethical profession, closer to charlatanism than any science.

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.

Maximum of an average is necessarily less volatile than the average maximum

The classical man's worst fear was inglorious death; the modern man's worst fear is just death

You exist if and only if you are free to do things without a visible objective, with no justification and, above all, outside the dictatorship of someone else's narrative.

If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!