There is more uncertainty than usual about job futures because computers are replacing more and more human intelligence, and globalization is proceeding at an accelerating pace.

Physicists have a bias to aspire to be "seers" like Einstein rather than "craftspeople" who do simple and practical research. I have seen that in economics departments. The same must be true to some extent in other departments.

News media stimulate bubbles, since stories about them boost their audience.

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks....investors have no model or at best a very incomplete model of behavior of prices, dividend, or earnings, of speculative assets.

Life's meaning heavily benefits from lifelong bonds.

In the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert.

Somehow, talking to young students brings you back to reality - it should, anyway.