Limited Liability is a Cheap Call Option Factory

The Feynman Lectures on Physics opens with a wonderful, thought-provoking question: if you could compress as much human knowledge as possible into a single sentence, what would it be? What Feynman settles on is:

I believe it is the atomic hypothesis (or the atomic fact, or whatever you wish to call it) that all things are made of atoms — little particles that move around in perpetual motion, attracting each other when they are a little distance apart, but repelling upon being squeezed into one another. In that one sentence, you will see, there is…