Distributive justice isn't taking from a risk taker who earned honorably, it is keeping his probability of losing it very high. - Nassim Nicholas Taleb

Scale matters: small/medium is beautiful, more stable & genuinely more efficient long term. Large becomes top-down.

Economics is a fake discipline; attempts to improve it (s.a."behavioral","evo") made it worse! Finance moved to mathematics, accounting,etc.

Just as an animal could have survived because its sample path was lucky... free of the evolutionary rare event, the "best" operators in a given business can... One vicious attribute is that the longer these... can go without encountering the rare event, the more vulnerable they will be to it. ...[S]hould one extend time to infinity, then by , that event will happen with certainty—the species will be wiped out! For evolution means fitness to... only one time series, not the average of all possible environments.