“Those who were unlucky in life in spite of their skills would eventually rise. The lucky fool might have benefited from some luck in life; over the longer run he would slowly converge to the state of a less-lucky idiot. Each one would revert to his long-term properties.”

“Never ask a man if he is from Sparta: If he were, he would have let you know such an important fact - and if he were not, you could hurt his feelings.”

“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.”

“The psychologist Gerd Gigerenzer has a simple heuristic. Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference”

“As a matter of fact, your happiness depends far more on the number of instances of positive feelings, what psychologists call "positive effect", then on their intensity when they hit. In other words, good news is good news first. How good matters rather little. So to have a pleasant life you should spread those small effects across time as evenly as possible. Plenty of mildly good news is preferable to one single lump of great news. The same is property in reverse applies to our unhappiness. It is better to lump all your pain into a brief period, rather than have it spread out over a long time.”

“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.”

“Prediction requires knowing about technologies that will be discovered in the future, but that very knowledge would almost automatically allow us to start developing those technologies right away. Ergo we do not know what we will know.”