Doctors most commonly get mixed up between absence of evidence and evidence of absence. - Nassim Nicholas Taleb

Artisans, say, taxi drivers, prostitutes (a very, very old profession), carpenters, plumbers, tailors, and dentists, have some volatility in their income but they are rather robust to a minor professional Black Swan, one that would bring their income to a complete halt. Their risks are visible. Not so with employees, who have no volatility, but can be surprised to see their income going to zero after a phone call from the personnel department. Employees’ risks are hidden.

The fastest way to become rich is to socialize with the poor; the fastest way to become poor is to socialize with the rich.

The only way to prevent institutions from rotting is by automatic dissolution, to have the same life expectancy as free-market companies.