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

“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”

“If you hear a "prominent" economist using the word 'equilibrium,' or 'normal distribution,' do not argue with him; just ignore him, or try to put a rat down his shirt.”

“Bullish or bearish are terms used by people who do not engage in practicing uncertainty, like the television commentators, or those who have no experience in handling risk. Alas, investors and businesses are not paid in probabilities; they are paid in dollars. Accordingly, it is not how likely an event is to happen that matters, it is how much is made when it happens that should be the consideration.”

“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.”

“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.”

“It is my great hope someday, to see science and decision makers rediscover what the ancients have always known. Namely that our highest currency is respect.”