JDMMT

“I start from the position that every human endeavor is flawed: if we were to discard everything that is flawed there would be nothing left. We must therefore make the most of what we have; the alternative is to embrace death. The choice is a real one, because death can be embraced in a number of ways; the pursuit of perfection and eternity in all its manifestations is equivalent to choosing the idea of death over the idea of life. If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one's conceptions and what one does about them. Life can be seen as a fertile fallacy.”
― George Soros, The Alchemy of Finance

“The traditional fixed-rate 30-year mortgages, which were once a majority of all mortgages, were no longer a majority during the housing boom, as ARMs and other “creative” ways of financing the purchase of a home grew rapidly to cope with soaring housing prices. Such innovative mortgages quickly went from being rare to becoming common, especially in places with very high housing costs.”
― Thomas Sowell, The Housing Boom and Bust: Revised Edition

“Sell your cleverness and buy bewilderment.”
― Rumi, Masnavi i Man'avi, the spiritual couplets of Maula

“What makes the bias particularly pernicious is that we all recognize this bias in others but not in ourselves.”
― Richard H. Thaler, Misbehaving: The Making of Behavioral Economics