The assumption that anything true is knowable is the grandfather of paradoxes.

The ultimate compound return rate is acutely sensitive to fat tails.

People tend to be clueless about prices. Contrary to economic theory, we don't really decide between A and B by consulting our invisible price tags and purchasing the one that yields the higher utility, he says. We make do with guesstimates and a vague recollection of what things are “supposed to cost.”

Expectation is a statistical fiction, like having 2.5 children.

Your second ducat, like your second million, is never quite as sweet.

Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.

The more improbable the message, the less "compressible" it is, and the more bandwidth it requires. This is Shannon's point: the essence is its improbability.