Those who talk should do and only those who do should talk

Decentralization reduces large structural asymmetries.

Except that the long-term medical risks are hidden; they will play out in the long run, whereas the legal risk is immediate.

Things designed by people without skin in the game tend to grow in complication (before their final collapse).

The principle of intervention, like that of healers, is first do no harm (primum non nocere); even more, we will argue, those who don’t take risks should never be involved in making decisions.

People can detect the difference between front- and back-office operators.

The curse of modernity is that we are increasingly populated by a class of people who are better at explaining than understanding,

Evolution can only happen if risk of extinction is present.

Mediocristan risks are subjected to the Chernoff bound. The Chernoff bound can be explained as follows. The probability that the number of people who drown in their bathtubs in the United States doubles next year—assuming no changes in population or bathtubs—is one per several trillions lifetimes of the universe. This cannot be said about the