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" Capitalism has forced everyone to overoptimize in order to compete. "

Nassim Nicholas Taleb

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" What America does best is produce the ability to accept failure. "

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

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" Governments that try to shoot for a surplus hardly ever reach it. "

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" The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing. "

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" If you are in banking and lending, surprise outcomes are likely to be negative for you. "

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" People employed in financial institutions are rarely interesting and even more rarely likable. "

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" In the United States, large corporations control some members of Congress. All this does is delay the corporation's funeral at our expense. "

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" Paul Krugman is a danger to society! "

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" The grandchildren should not bear the debts of the grandparents. "

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" When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line. "

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" I lift heavy weights and sprint, but I am so bad at it that I develop severe injuries. "

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" We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment. "

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" All of technology, really, is about maximizing free options. "

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" We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that. "

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" I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis. "

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" A country's assets reside in the tinkerers, the hobbyists, and the risk-takers. "

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