Don't Eat Fortune's Cookie - 2012 Baccalaureate Remarks by Michael Lewis

awellroundedmind:

Michael Lewis, author of The Blind Side, Moneyball, Liar’s Poker, etc., gave the Baccalaureate remarks at Princeton University this year. His speech, “Don’t Eat Fortune’s Cookie,” speaks to the role luck plays in the world. Worth a read. As are all of Micheal Lewis’s books.

This had been going on for a century. Right under all of our noses. And no one noticed — until it paid a poor team so well to notice that they could not afford not to notice. And you have to ask: if a professional athlete paid millions of dollars can be misvalued who can’t be? If the supposedly pure meritocracy of professional sports can’t distinguish between lucky and good, who can?

Via: Coby Fleener (@CobyFleener)
Source: Princeton.edu