Jay

“There were a great many interesting questions in the world to which the only honest answer was, “It’s impossible to know for sure.” “What will the price of oil be in ten years?” was such a question. That didn’t mean you gave up trying to find an answer; you just couched that answer in probabilistic terms.”
― Michael Lewis, The Undoing Project: A Friendship That Changed Our Minds

“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”
― Thomas L. Friedman, Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations

“As Fama put it, “Life always has a fat tail.”
― Roger Lowenstein, When Genius Failed: The Rise and Fall of Long-Term Capital Management