The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.

If companies tell us more, insider trading will be worth less.

Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.

I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.

Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.

In the business world, bad news is usually good news - for somebody else.

Most of the work on multitasking suggests that it generally makes you less efficient, not more.

It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.

The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

Old age is an island surrounded by death.

The way our luck has been lately, our fellas have been getting hurt on their days off.

Do not close your heart against all my efforts to help you.

Geez, all that money we waste on space exploration; just think how many bombs that would buy!

Sleep, to the homeless thou art home; the friendless find in thee a friend

If one believes, then miracles occur.

It has been petrified into a slavery of thought and sentiment, as intolerant superiority on the part of the few and an intolerable burden on the part of the many.

I grew up and still didn't know what it meant to be a man.

I hate weddings,' she says. 'They make me feel so unmarried. Actually, even brushing my teeth makes me feel unmarried.

With all the justifications I have had in place, telling the truth under certain circumstances was in my universe no different than telling a lie or withholding.