Every Form Of Strength Is

Just Because You've Been Successful And Just Because You've Disrupted An Environment, Doesn't Mean You're A Role Model Or That You Actually Have Anything To Teach Anybody. There's An Awful Lot Of Luck And Accident In The World, And Maybe You Were Just On The Receiving End Of That.

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.

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.

I Always Find With My Stories That The Way They Start Is That I Just Get So Interested In A Person That I'm Compelled To Go Back To Them Over And Over Until I Learn More And More About Them, Without Even Quite Thinking It's Material For A Book.

You Can Anchor The Mind Into Answering A Question A Certain Way By Giving Them A Totally Unrelated Piece Of Information Dropped Before.