We are robust when errors in the representation of the unknown and understanding of random effects do not lead to adverse outcomes —fragile otherwise. - Nassim Nicholas Taleb

You can be certain that the head of a corporation has a lot to worry about when he announces publicly that "there is nothing to worry about."

There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient (...), and a random one (...). In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.

Decentralization is based on the simple notion that it is easier to macrobull***t than microbull***t. Decentralization reduces large structural asymmetries.