MICHAEL S. MALONE ON THE ECONOMY:

I’m constantly amazed, and appalled, by what little actual wisdom I’ve actually gained in my more than half-century in this world. But if there are three things I have learned, they are:

1. Never trust luck to get you through.
2. Don’t assume the best-case scenario.
3. The laws of economics, like the laws of chance, always triumph.

Indeed.