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I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount of predictability. But there are certain areas where surprise is a tool.

Our thoughts about an event can have a dramatic effect on how we go through the event itself. When our expectations are low, it's easy to be pleasantly surprised. When they're not, we're vulnerable to painful disappointment. Because of this, many people spend a good deal of effort trying to avoid developing high hopes about anything.

Worry is interest paid on trouble before it comes due.

Readers regularly ask what can go wrong but almost never what could positively surprise.

I believe that, by and large, people are good and everybody you meet is more likely to surprise you in a positive way than in a negative way.

Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.

If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.

I like to surprise people. I try to take risks.

Surprises can be compelling.