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

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

Democracies can't handle austerity measures very well.

I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive people in Washington.

The fool generalizes the particular; the nerd particularizes the general; some do both; and the wise does neither

The problem of knowledge is that there are many more books on birds written by ornithologists than books on birds written by birds and books on ornithologists written by birds

They will envy you for your success, your wealth, for your intelligence, for your looks, for your status - but rarely for your wisdom.