Featured Quote

We don't accept basis risk we don't accept counterparty risk- we don't want any fuzziness around what our payout is going to be conditional on the realising of this systematic left tail 'black swan' event.

— Mark Spitznagel Hedge Fund Manager & Author of "The Black Swan" Risk Management

We have to create systems that make people think twice before they behave badly. People need to credibly believe that there will be consequences to their actions if caught in random stings. If you are in a position where you are uniquely able to wield power- politics, police, corporate leadership- you should be randomly subject to attempts to see if you behave badly when offered the opportunity to do so.

We're talking about massive amounts of money that have been shifted from poorer countries to richer ones. Almost all of this constitutes a permanent outward transfer. In our estimate, only about 10-20% of global illicit money ever finds its way back into the country of origin.

When dealing with people, remember you are not dealing with creatures of logic, but creatures of emotion.

I want you to not deny your shadow, your darkest impulses, but to find ways to use them and turn them into something productive. We ought to take that ambition, those aggressive impulses, and channel them into our work, into great causes, into justice.

Every single individual in the world, including you and I, have a grievance or a problem at any given moment in time. When you and I go to sleep tonight in our own beds, you'll be thinking about a problem that's affecting you and I'll be thinking about a problem that's affecting me.

Wine making is also alchemy, not everything is controllable – you are dealing with nature. There's a savage element to all of this. A great winemaker is an artist.

If Putin succeeds in Ukraine, it will show that democracy and the world's forces are not enough to stop him. Are we building a world where the rule of law means something? Or a world where the rule of law means nothing, and only firepower counts.

We get more energy from air than from food or drink. So, if we're absorbing that energy inefficiently, it's bound to catch up to us. A useful analogy is food: you can survive on a diet of 12 cookies a day, getting enough calories, but it's not nourishing, nor does it allow your body to operate efficiently.

Without what Becker called 'cultural world views' we would be overwhelmed by existential terror. Beliefs about reality that we share foster psychological equanimity by giving us a sense of meaning and value.

Understanding truly why a failure occurred and making peace with it is the first step to being able to move-forward- it allows you to identify where the gaps where in you and your enterprise, and hopefully will give you insights into where you need more support, education and attention.

I'm fortunate that I can make a change that in a very positive way affects a better way of life for many humans as well as all living creatures and our planet while I'm alive and that will live on

This timely book outlines and directly addresses the ethical dilemmas posed by the development of autonomous military robots, which will confront roboticists and military policy makers in the future. Arkin's thesis, that appropriately designed military robots will be better able to avoid civilian casualties than existing human war-fighters and might therefore make future wars more ethical, is likely to be the subject of intense debate and controversy for years to come.

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