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“While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a drag on performance of up to 4 percentage points each year... many index funds allow your capital gains to grow largely undisturbed until you sell... For the taxable investor, indexing means never having to say you're sorry.”

“So this is my attempt to give a preliminary - probably far too crude - account of how philosophy by showing can really teach us. The attempts we make to work through problems by reasoning always presuppose starting points, and even the most self-critical philosophers adopt some of those starting points simply by picking them up from the social environments in which they grow up.”

“When you take the entire system into account, ways of developing more of something in one dimension can actually create scarcities in another. If we say we have to increase production because people need more food, more housing, more meat, or more milk, we can make one thing grow in a certain way. But by doing that we create externalities so that there are scarcities in other related things.”

“As formal teaching and training grow in extent, there is the danger of creating an undesirable split between the experience gained in more direct associations and what is acquired in school. This danger was never greater than at the present time, on account of the rapid growth in the last few centuries of knowledge and technical modes of skill.”

“Neglect not your time, nor use it haphazardly; on the contrary you should bring yourself to account. Structure your litanies and other practices during each day and night. This is how to bring about the spiritual blessing (baraka) in each period. If each of your breaths is a priceless jewel, Be not like the deceived fools who are joyous because each day their wealth increases while their life grows ever shorter.”

“Technique in the minds of many is something rigid, something like a formula that you impose on the material; but in the best stories it is something organic, something that grows out of the material, and this being the case, it is different for every story of any account that has ever been written.”