People dislike uncertainty so much that they will impose an order on it even when it doesn't exist..

A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans..

Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds….

All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing custome….

A credit default swap was confusing mainly because it wasn't really a swap at all. It was an insurance policy, typically on a corporate bond, with se….

In their leaders, advisers, and experts, people much prefer overconfidence, total certainty, to any kind of doubt..

The only thing history teaches us, a wise man once said, is that history doesn’t teach us anything..

People really don't like to hear success explained away as luck — especially successful people. As they age, and succeed, people feel their success w….

Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods….

The world clings to its old mental picture of the stock market because it’s comforting; because it’s so hard to draw a picture of what has replaced i….

The pleasure of rooting for Goliath is that you can expect to win. The pleasure of rooting for David is that, while you don’t know what to expect, yo….

When you're trying to create a career as a writer, a little delusional thinking goes a long way..

Just because you've been successful and just because you've disrupted an environment, doesn't mean you're a role model or that you actually have anyt….

As idiotic as optimism can sometimes seem, it has a weird habit of paying off..

People don't like uncertainty, and their minds are tools for making sense of the world, even when the world is senseless..

A banking system is an act of faith: it survives only for as long as people believe it will..

Managers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient," Said Palmer. " The pain of….

A vast industry of stockbrokers, financial planners, and investment advisers skims a fortune for themselves off the top in exchange for passing their….

If you’ve got a dozen pitchers, you need to speak 12 different languages..

We change for the good so long as good exists around us..

There's something bad in everything good and something good in everything bad..