The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.

I'm a private intellectual, not a public one.

The opposite of fragile is something that gains from disorder.

People focus on role models; it is more effective to find antimodels - people you don't want to resemble when you grow up

You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.

Success is about honour, feeling morally calibrated, absence of shame, not what some newspaper defines from an external metric.

Bankers, they're not harmed by their mistakes. They benefit when things go right, and the society pays the price.