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“There are two ways of forming an opinion. One is the scientific method; the other, the scholastic. To the scientific mind, experimental proof is all-important, and theory is merely a convenience in description, to be junked when it no longer fits. To the academic mind, authority is everything, and facts are junked when they do not fit theory.”

“There is in the universe something for the description and analysis of which the natural sciences cannot contribute anything. There are events beyond the range of those events that the procedures of the natural sciences are fit to observe and describe. There is human action.”

“Bohr’s standpoint, that a space-time description is impossible, I reject a limine. Physics does not consist only of atomic research, science does not consist only of physics, and life does not consist only of science. The aim of atomic research is to fit our empirical knowledge concerning it into our other thinking. All of this other thinking, so far as it concerns the outer world, is active in space and time. If it cannot be fitted into space and time, then it fails in its whole aim and one does not know what purpose it really serves.”

“While the scientist, on the one hand, is concerned with giving a faithful description of facts, on the other, he has the equally important task of construing them in relation to some explanatory conjecture. Similarly the historian has a double duty: both of reporting the past as nearly as possible as it passed or was lived through by men at the time (without doctoring up events to fit later developments or some more "enlightened reading" of them); and second, of interpreting their import in the light of a present hypothesis.”

“When I first decided I wanted to be a writer, when I was 10, 11 years old, the books that I loved obviously and openly fit that description: They came with maps and glossaries and timelines - books like Lord Of The Rings, Dune, The Chronicles Of Narnia. I imagined that's what being a writer was: You invented a world, and you did it in a very detailed way, and you told stories that were set in that world.”

“Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.”