Lebanon Quotes

The best philosophers were not academics, but had another job, so their philosophy was not corrupted by careerism.
The grandchildren should not bear the debts of the grandparents.
The Internet allows the small guy a global marketplace. But technology is harmful in the sense that we get too much information from it. Because of the web we get 10 times the amount of noise we ever got, which makes harmful fallacies far more likely.
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 mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing.
The next time you experience a blackout, take some solace by looking at the sky. You will not recognize it.
The people I go after are the false experts, those who do not accept the limits of their knowledge.
The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.
The world we live in is vastly different from the world we think we live in.
There are two types of people: those who try to win and those who try to win arguments. They are never the same.
We are victims of the post-Enlightenment view that the world functions like a sophisticated machine, to be understood like a textbook engineering problem and run by wonks. In other words, like a home appliance, not like the human body.
We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.
We humans lack imagination, to the point of not even knowing what tomorrow's important things will look like.
We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
We should ban banks from risk-taking because society is going to pay the price.
What America does best is produce the ability to accept failure.
What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.
What we need to do is break the financial community's grip on society.
When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
When you ask people, 'What's the opposite of fragile?,' they tend to say robust, resilient, adaptable, solid, strong. That's not it. The opposite of fragile is something that gains from disorder.
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Adolf Eichmann
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