The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed.

The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.

Games are all about taking risks.

It'll not kill you.

If ever you should have an epiphany – and I think you know what I’m talking about – latch onto it, no matter how small or large the epiphany, and try your best to make it happen. You might make a fool of yourself, but better to make a fool of yourself than to spend your life jealous of the fools.