When people call you intelligent it is almost always because they agree with you. - Nassim Nicholas Taleb

In general, positive Black Swans take time to show their effect while negative ones happen very quickly — it is much easier and much faster to destroy than to build.

Some people are only funny when they try to be serious.

at any point in time, the richest traders are often the worst traders. This, I will call the cross-sectional problem: At a given time in the market, the most successful traders are likely to be those that are best fit to the latest cycle. This does not happen too often with dentists or pianists — because these professions are more immune to randomness.