The characteristic feature of the loser is to bemoan, in general terms, mankind’s flaws, biases, contradictions, and irrationality — without exploiti… - Nassim Nicholas Taleb

But things are even worse: in real life, every single bit of risk you take adds up to reduce your life expectancy. If you climb mountains and ride a motorcycle and hang around the mob and fly your own small plane and drink absinthe, and smoke cigarettes, and play parkour on Thursday night, your life expectancy is considerably reduced, although no single action will have a meaningful effect. This idea of repetition makes paranoia about some low-probability events, even that deemed “pathological,” perfectly rational.

The key to wealth is that it doesn't matter. Once you've had it, you don't think anything of it; you can wear cheap watches.

The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.