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.
The result of my life is no more than three words: I was raw, I became cooked, I was burnt.
Arrange whatever pieces come your way.
When I die, don't bring me to the hospital. Bring me to Anfield. I was born there and will die there.
It is easier to live through someone else than to become complete yourself.
As I don't know about tomorrow, I never save the best for later.
Grown up, and that is a terribly hard thing to do. It is much easier to skip it and go from one childhood to another.
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