The inability to predict outliers implies the inability to predict the course of history

You will be civilized on the day you can spend a long period doing nothing, learning nothing, and improving nothing, without feeling the slightest amount of guilt.

Don't aim to be perfect! Aim to be antifragile

In economic life and history more generally, just about everything of consequence comes from black swans; ordinary events have paltry effects in the long term.

My major hobby is teasing people who take themselves and the quality of their knowledge too seriously and those who don't have the guts to sometimes say: I don't know.

The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.

It's not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves and their knowledge too seriously.