Book Tours Are Almost Designed

I Think That Fans Are Always Looking For Someone To Blame. Wouldn't It Be Nice If They Looked In The Mirror?

The Vicious Cycle That Is Bringing Down European States Is Not Going To Hit Us [the Usa], At Least Not For A While, At The Level Of The Federal Government. The Same Cannot Be Said Of State And Local Governments.

A Vast Industry Of Stockbrokers, Financial Planners, And Investment Advisers Skims A Fortune For Themselves Off The Top In Exchange For Passing Their Clients' Money On To People Who, As A Whole, Cannot Possibly Outperform The Market.

The Model Used By Wall Street To Price Trillions Of Dollar's Worth Of Derivatives Thought Of The Financial World As An Orderly, Continuous Process. But The World Was Not Continuous; It Changed Discontinuously, And Often By Accident.

People Really Don't Like To Hear Success Explained Away As Luck — Especially Successful People. As They Age, And Succeed, People Feel Their Success Was Somehow Inevitable. They Don't Want To Acknowledge The Role Played By Accident In Their Lives. There Is A Reason For This: The World Does Not Want To Acknowledge It Either. 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.