Janet Yellen at the FED is equivalent to having a biology schoolteacher who has never seen blood perform brain surgery.

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.

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 anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.

The twentieth century was the bankruptcy of the social utopia; the twenty-first will be that of the technological one.

It might be useful to be able to predict war. But tension does not necessarily lead to war, but often to peace and to denouement.

There are systems that use failure as fuel for improvement, where the cost of failure is small.