Whenever a theory appears to you as the only possible one, take this as a sign that you have neither understood the theory nor the problem which it was intended to solve.

In a lot of macroeconomics, “not obviously wrong” is serious praise.

A hedge fund in possession of a vast pile of finance will eventually start pursuing risky strategies when markets look too boring for too long.

Naughty naughty, very naughty!

Mathematics requires a small dose, not of genius, but of an imaginative freedom which, in a larger dose, would be insanity.