People in both fields operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.
Michael LewisRead
That's what happens when you're thirty-seven years old: you do the things you always did but the result is somehow different.
Interpretation
As we age, our experiences change our perspectives and outcomes, even if our actions remain the same.
Michael Lewis highlights the notion that with age comes a shift in perception and result. At thirty-seven, a person may find themselves engaging in familiar behaviors, yet the consequences and impacts of those actions resonate differently than they did in youth, emphasizing the evolution of personal insight and understanding over time.
In practice
Using this quote in a speech about embracing change as we grow older.
People in both fields operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.
Commitment, by its nature, frees us from ourselves and, while it stands us in opposition to some, it joins us with others similarly committed. Commitment moves us from the mirror trap of the self absorbed with the self to the freedom of a community of shared values.
Above all, recognize that if you have had success, you have also had luck β and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.
The men on the trading floor may not have been to school, but they have Ph.D.βs in manβs ignorance.
A banking system is an act of faith: it survives only for as long as people believe it will.
That was how a Salomon bond trader thought: He forgot whatever it was that he wanted to do for a minute and put his finger on the pulse of the market. If the market felt fidgety, if people were scared or desperate, he herded them like sheep into a corner, then made them pay for their uncertainty. He sat on the market until it puked gold coins. Then he worried about what he wanted to do.
You're either going to walk through life and experience it fully or you're going to be a voyeur. And I'm not a voyeur.
For better or for worse, I've watched people die in front of me. I see how they are in the end. And they're not cynical. In the end, they wanna hold somebody's hand. And that's real to me.
Life is essentially a cheat and its conditions are those of defeat; the redeeming things are not happiness and pleasure but the deeper satisfactions that come out of struggle.
All my life I used to wonder what I would become when I grew up. Then, about seven years ago, I realized that I was never going to grow up--that growing is an ever ongoing process.
Ten to 15 of my childhood friends from Minsk died of cancer. Chernobyl kills.
My only regret about being gay is that I repressed it for so long. I surrendered my youth to the people I feared when I could have been out there loving someone. Don't make that mistake yourself. Life's too damn short.
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