“Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.” (Douglas Adams)

"There's one thing you're expected to do when you're in command: Command."(Admiral Chester Nimitz's advice to Admiral William Halsey) Had to think a lot about this quote when a friend provided me with feedback on my directs: "These are the people you want go to war with ..." Problem is that I am at war, since several years. Maybe I should demote myself, to Rear Admiral. "The horror. The horror." (Captain Joseph Conrad, Heart of Darkness)

“Market risk can hurt you, but liquidity risk can kill you.” (Rob Goldstein, BlackRock Solutions)