“The attempt to control risk by lowering interest rates reduces the cost of taking risk and so ends up increasing the aggregate amount of risk in the system.”
Edward Chancellor, author The Price of Time
Risky Times
Unthinkable
Advice
“Avoid taking advice from someone who gives advice for a living, unless there is a penalty for their advice.”
Proper Usage
“Use laws that are old but food that is fresh.”
I found this quote in one of Nassim Taleb’s books. Perhaps Skin in the Game. In my opinion he is the best proponent of Stoicism writing today.
Getting Along
“People get along better as neighbors than roommates.”
Nassim Taleb in Skin in the Game
This is the beautiful Condominium where we live with great neighbors in a great neighborhood.
Explaining
“We are increasingly populated by a class of people who are better at explaining than doing.”
Nassim Taleb in Skin in the Game
My Politics
“I am, at the federal level, libertarian; at the state level, Republican; at the local level, Democrat; and at the family and friends level, a communist.”
Variously attributed. Read in a Nassim Taleb book (see below). I do find that this generally applies to me.
Nassim Taleb in Skin in the Game
Photo is of our tiny museum when we had the paperweight exhibition.
Tongue in Cheek
