The only thing history teaches us, a wise man once said, is that history doesnโt teach us anything.
Michael LewisPeople in both fields operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.
Michael LewisManagers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient," Said Palmer. " The pain of looking bad is worse than the gain of making the best move.
Michael Lewis