Switzerland is the perfect place where you have volatility at a municipal level that nothing up top - small units competing with each other.

Never ask a trader if he is profitable: you can easily see it in his gesture and gait.

There are secrets to our world that only practice can reveal, and no opinion or analysis will ever capture in full.

In science you need to understand the world; in business you need others to misunderstand it.

There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.

In poor countries, officials receive explicit bribes; in D.C. they get the sophisticated, implicit, unspoken promise to work for large corporations

Go to parties. You can't even start to know what you may find on the envelope of serendipity. If you suffer from agoraphobia, send colleagues.