You can find wisdom in the most unlikely places. I found this gem in a research paper about Warren Buffett by Michael Mauboussin of Legg Mason Capital Management (in which he references Nassim Taleb’s book the The Black Swan: The Impact of the Highly Improbable
Humans have a near insatiable desire to link cause and effect. Unfortunately, causality is often very difficult to deconstruct, even in retrospect. But coming up with a cause and effect story helps settle our minds, and provides a greater (albeit false) sense of control as we face the future.
What’s your story? How do you explain your success or your failure? I know I’ve got mine
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