You are rich if and only if money you refuse tastes better than money you accept.
There is an element of deceit associated with interventionism, accelerating in a professionalized society. It’s much easier to sell Look what I did for you than Look what I avoided for you. Of course...
There are traps built into any kind of knowledge gained from observation.
The Black Swan asymmetry allows you to be confident about what is wrong, not about what you believe is right.
Systems learn by removing parts, via negativa.*4
Stalin could not have existed in a municipality.
Sometimes people ask you a question with their eyes begging you to not tell them the truth.
Some can be more intelligent than others in a structured environment—in fact school has a selection bias as it favors those quicker in such an environment, and like anything competitive, at the expens...
Roman emperor Marcus Aurelius (one of the doer-Stoic authors), fire feeds on obstacles.
Religion isn’t so much about telling man that there is one God as about preventing man from thinking that he is God.
Rank beliefs not by their plausibility but by how much harm they might cause
Only he who is free with his time is free with his opinion.
Light control works; close control leads to overreaction, sometimes causing the machinery to break into pieces. In a famous paper On Governors, published in 1867, Maxwell modeled the behavior and show...
Life would be unbearably bland if we had no enemies on whom to waste efforts and energy.
Le grandi aziende adorano l’idea del piano strategico. Vogliono pagare qualcuno per comprendere dove stanno andando. Eppure non esistono prove che dimostrino che la pianificazione strategica funzioni...
Latin saying that sophistication is born out of hunger (artificia docuit fames).
Koulutus tekee viisaasta hieman viisaamman, mutta hölmöstä valtavasti vaarallisemman.
It was a few years after the beginning of the Lebanese war, as I was attending the Wharton School, at the age of twenty-two, that I was hit with the idea of efficient markets—an idea that holds that t...
It is a very recent disease to mistake the unobserved for the nonexistent; but some are plagued with the worse disease of mistaking the unobserved for the unobservable.
If you can't put your soul into something, give it up and leave that stuff to someone else.