"Over a short time increment, one observes the variability of the portfolio, not the returns. ...ne sees the variance, little else. ...Our emotions are not designed to understand the point. ...I deal with it by having no access to information. ...I prefer to read poetry."

"There are, of course, innumerable abuses, countless possible misinterpretations, and depressingly many biased studies, but, done right, the process works; it yields knowledge."

"In the general tendency toward specialization, philosophy too has established itself as a specialized discipline, one purified of all specific content. In so doing, philosophy has denied its own const…"

"I don't know much about morality and that, but there is this: It's always worth while before you do anything to consider whether it's going to hurt another person more than is absolutely necessary."

"While in the West, the insane are so many that they are put in an asylum, in China the insane are so unusual that we worship them, as anybody who has a knowledge of Chinese literature will testify."