“Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy.”

“In science, progress is possible. In fact, if one believes in Bayes' theorem, scientific progress is inevitable as predictions are made and as beliefs are tested and refined.”

“Under Bayes' theorem, no theory is perfect. Rather, it is a work in progress, always subject to further refinement and testing.”

“...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.”

“By playing games you can artificially speed up your learning curve to develop the right kind of thought processes.”

“Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge.”

“My mind is a lock pick always looking for another door to open. I often find those doors by exploring minds of others...”

“It is a very sad thing that nowadays there is so little useless information.”

“Where is the wisdom we have lost in knowledge?Where is the knowledge we have lost in infomation?”

“Do you want this to be a love story?”

“It's all talk til it's all real walk.”

“Some things are only real because they represent what we think. When we learn the truth and think it, the old reality is no longer real to us and loses its hold on us. The truth sets us free.”

“There is a difference between skill and talent. Master the skill to allow the talent out.”

“What my business partner says is, if the Lord gives you a talent or a skill, you have the obligation to use it as best as you can. Dont you agree?”

“Knowledge is not skill. Knowledge plus ten thousand times is skill.”