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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. "

Nassim Nicholas Taleb
Future
Know
Perfect
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" People have the problem of denial. This is one of the things I learned in Lebanon. Everybody who left Beirut when the war started, including my parents, said, 'Oh, its temporary.' It lasted 17 years! People tend to underestimate the gravity of these situations. That's how they work. "
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" I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge. "
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" When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters. "
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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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" The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution. "
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" You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades. "
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" I drive a hybrid, moving into an electric car. I only drink tap water, never consume food that's travelled. "
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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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" Individuals should think about the worst-case scenarios and plan for them. The world will be crazier than you think it will be. Put money away, and then you can live with much more freedom. "
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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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" Most people are sceptical about the wrong things and gullible about the wrong things. "
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" A good maxim allows you to have the last word without even starting a conversation. "
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" Poverty is clearly one source of emotional suffering, but there are others, like loneliness. "
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" Years ago, I noticed one thing about economics, and that is that economists didn't get anything right. "
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" A country's assets reside in the tinkerers, the hobbyists, and the risk-takers. "
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" The Internet allows the small guy a global marketplace. But technology is harmful in the sense that we get too much information from it. Because of the web we get 10 times the amount of noise we ever got, which makes harmful fallacies far more likely. "
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" We humans lack imagination, to the point of not even knowing what tomorrow's important things will look like. "
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" You know, children philosophize more than adults - and they are critical of adults. "
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" You are rich if and only if money you refuse tastes better than money you accept. "
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