From Michael Lewis’s Princeton University 2012 Baccalaureate Remarks:
The “Moneyball” story has practical implications. If you use better data, you can find better values; there are always market inefficiencies to exploit, and so on. But it has a broader and less practical message: don’t be deceived by life’s outcomes. Life’s outcomes, while not entirely random, have a huge amount of luck baked into them. Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.
[…] be deceived by outcomes – Greenbackd Slumpen är ständigt närvarande i våra liv och det gäller även våra investeringar. Kom ihåg […]
LikeLike
[…] https://greenbackd.com/2012/06/06/dont-be-deceived-by-outcomes/ […]
LikeLike