It is worth emphasizing that quantitative measures of risk, until further notice, should not be viewed as a strictly cardinal (absolute) expression of risk, but rather as an ordinal measure; my VaR is more than it was a week ago, less than it was three weeks ago, but what “it” is, is not truly knowable. - Andrew B. Weisman

Via Paul Erdos: We have all these powerful computers but they are not good enough to answer this question, “Find the minimum number of guests that must be invited so that at least 5 will know each other OR at least 5 will not know each other ? ” [youtube https://www.youtube.com/watch?v=_K3vqR0tjxQ]

The three most harmful addictions are heroin, carbohydrates, and a monthly salary - Taleb

Via Proof with out Words:

Our need for consistency is stronger than just about any other intrinsic need we have. People will behave in a manner that is consistent with their previously existing self-concept, even when this behaviour is unrewarding to them otherwise. - Prescott Leaky