“Don't look for the precise and local. Simply; do not be narrow minded.”

“I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man.”

“The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist”

“The best way to measure the loss of intellectual sophistication - this "nerdification," to put it bluntly - is in the growing disappearance of sarcasm, as mechanic minds take insults a bit too literally.”

“Seize any opportunity or anything that looks like opportunity.”

“There are some people who, if they don't already know, you can't tell them.As the great philosopher of uncertainty Yogi berra once said, "Don't waste your time trying to fight forecasters, stock analysts, economists and social scientists, except to play pranks on them.”

“Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers instead of six. After a few dozen tries, one forgets about the existence of a bullet, under a numbing false sense of security. Second, unlike a well-defined precise game like Russian roulette, where the risks are visible to anyone capable of multiplying and dividing by six, one does not observe the barrel of reality. One is capable of unwittingly playing Russian roulette - and calling it by some alternative “low risk” game.”