Loss aversion is a really disproportionate anxiety about stuff that doesn't matter very much. So for instance, if you lose $5, you feel really bad about the $5 you've lost. You're cursing yourself. You're going through it again and again. If, on the other hand, you find $5, you go - hey, great, five bucks. And you've forgotten about it really quickly.

Each additional child that you have is going to divide your time and your attention. You're going to have to cram them into a smaller house. They're going to have to share rooms, or you might have to move into the suburbs, somewhere cheaper, further away from where the job is.

You show me a successful complex system, and I will show you a system that has evolved through trial and error.

We should not try to design a better world. We should make better feedback loops.

A lot of international companies invest in the U.K. as a base for doing business with the rest of the European Union.

Failure in Innovation - it's a price worth paying.

British politicians used to be good at misleading people without actually lying.