Wittgenstein's ruler: Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.

We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.

The fragile wants tranquility, the antifragile grows from disorder, and the robust doesn't care too much.

The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference

Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes.

In the United States large corporations control some members of Congress. All this does is delay the corporation’s funeral at our expense.

Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.