“There are a handful of families that own a very substantial degree of the economy including several companies on the stock exchange... The positive effect is through stabilising- it's very difficult for speculators to short stock here or to play tricks on the exchanges... there are simply not enough shares in free-float to do that.”
— Michael Freedman
Mathematician & Topologist, Solved the 4-Dimensional Poincaré Conjecture

The quote archive

Wisdom in fragments

A growing archive of 3,000+ moments, drawn from every interview.

What the verdict says, to the astonishment of tens of millions of us, is that you can go looking for trouble in Florida, with a gun and a great deal of racial bias, and you can find that trouble, and you can act upon that trouble in a way that leaves a young man dead, and none of it guarantees that you will be convicted of a crime.

— Andrew Cohen

Founder of Integral Institute & Author on Evolutionary Spirituality

Tonight, anyone who truly understands what justice is and what it requires of a society is ashamed to call himself an American.

— David Simon

Creator of The Wire, acclaimed HBO crime drama series

Race and guns, both of which have conspired not only to take the life of a teenager, but to make that killing entirely permissible. I can't look an African-American parent in the eye for thinking about what they must tell their sons about what can happen to them on the streets of their country.

— David Simon

Creator of The Wire, acclaimed HBO crime drama series

Trying to figure out how we fit into the cosmos is old, it's a basic human question.

— Jill Tarter

Pioneering astronomer & SETI Institute director searching for extraterrestrial intelligence

Although, today, the universe appears more bio-friendly than it ever was. That doesn't mean it is inhabited. We still have to prove that.

— Jill Tarter

Pioneering astronomer & SETI Institute director searching for extraterrestrial intelligence

The iron in the haemoglobin in your blood was cooked up in the heart of a massive star that blew up about 8 billion years ago. We understand now in pretty good detail, how intimately connected we are with the cosmos.

— Jill Tarter

Pioneering astronomer & SETI Institute director searching for extraterrestrial intelligence

What makes SETI different today is that instead of the verb "to believe" we're trying to use the verb "to explore". We want to see what's actually out there instead of just believing what someone tells us is out there.

— Jill Tarter

Pioneering astronomer & SETI Institute director searching for extraterrestrial intelligence

There is a naïve form which doesn't recognise the bubble, and thinks that real-estate will go up forever. There is then a second order overconfidence where someone recognises a bubble but feels they will escape it when other people don't.

— Daniel Kahneman

Nobel Prize Winner in Economics for Behavioral Economics Research

One of the sources of overconfidence in our ability to forecast the future is the great ease with which we find explanations for the past. That's a very significant mechanism that produces overconfidence.

— Daniel Kahneman

Nobel Prize Winner in Economics for Behavioral Economics Research

Many entrepreneurs are deluded about their odds of success, that evidence is very clear. This creates problems… Should a government subsidise entrepreneurs who greatly over-estimate their chances of success?

— Daniel Kahneman

Nobel Prize Winner in Economics for Behavioral Economics Research

You cannot understand entrepreneurial activity without understanding optimism. Research has shown that optimism and overconfidence in individuals is directly linked to their engagement in entrepreneurial activity.

— Daniel Kahneman

Nobel Prize Winner in Economics for Behavioral Economics Research

Digital currency shows that anything can be money. We have become accustomed to see money as paper or pieces of gold, but in truth it could also be stones, grain, wood, cigarettes or complex computer codes.

— Bob Swarup

Bubbles are driven by people piling into ideas now, that they think will make them lots and lots of money in the future. The more people that pile in, the more quickly innovation can spread... But if the capital is misallocated? then when the money meets common sense, you get a bust.

— Bob Swarup

There is nothing really so bad about a recession. A recession is very much an economy pausing for breath to re-evaluate where it stands and to assess where to go next.

— Bob Swarup

What crises actually do is expose the underlying fragility and structural flaws within an economy and society. Some of this is endemic – financial markets are fragile because they are giant pools of sentiment and leverage at their heart.

— Bob Swarup

We always think of every crisis as being somehow different and unique to us. That is human myopia. The reality is that the perennial pattern we see is universal and immemorial.

— Bob Swarup