The key function of banks is transforming illiquid assets into liquid liabilities.

最小阻力和最少麻烦的路径是已经形成的思维定势。改变旧信念需要麻烦的工作。

The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation—if I may use that biological term—that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.

People can be really smart or have skills that are directly applicable, but if they don't really believe in it, then they are not going to really work hard.

结社的能力反过来取决于社区分享规范和价值观的程度，以及能够将个人利益服从于更大群体利益的程度。

我们进化而来的心理是所有文化的基础，而不是相反。

我写作是为了理解我周围的世界。

苦难！我们所有美好的品质、生命中的价值都归功于它；我们因它而怜悯，因它而勇敢，因它而拥有所有美德。