In an Uncertain World

Author : Robert E. Rubin 1. " More important, I hope my experience and reflections might be of some interest and utility to others." 2.The public sectors, especially the Treasury have to describe what was happening without being inflammatory. 3." The determination of the meaning of the word is often difficult without the context." 4. "Emotion, like instinct not moored in analysis, could be misleading." 5." I wasn't ready to roll up my sleeves and cope with the stress of it after having just finished four intense years of college. 6. Study the Black-Scholes formula. 7. To be a good trader, you should always examine the assumption or limitation of all the models which is almost the most important. 8. Also, we should consider that the psychological and other factors can create distortions that last a long time. "You can be right in the long run and dead in the short run." 9. It is also crucial to reevaluate your positions as the economic and market outlook changed. 10. To be a CEO of an investment bank, you should think about the people in the trading room and in sales about their concerns and views, and how to enable them to be successful, of course, including your professional skill. In this way, you will not be limited to a trader but could become more involved in the life of the firm as well. 11. " In politics a lot of people promise to do something, but very few actually do it. If you don't want to do what you're asked, just say no. But if you say you're going to do something, following through will set you apart." ----- Robert Strauss, the treasurer of Democratic National Committee 12. If the US government want to public a progressive program which they want, they will firstly do something to express the public audiences. So when next we see a government claim, we should first judge whether it is on purpose or just a sign that want the public accept their further program as well. 13. Sometimes, the reaction or the way you sounded will give a lot of information whether you can be beat or not. So never show too much about your feeling inside through the meeting. 14.When the government set a goal, they always concern a vast of priorities. So when we want to forecast a government decision, we need to think as more interests and priorities as possible to figure out the own purpose of the governor. 14. The US government think Chinese government is tough and unresponsive to the pressure. But Obama seems to give more pressure on China, they must want to test how much pressure China can bear and how much harmful they can bear. That is a negative signal and lesson for the US next generation. 15. When the financial crisis happened, the US first think about whether this country is its allay but not the economic status of this country. So that is unfair and unchangeable. But we can use this point to hold the US. 16. " Never let your rhetoric commit you to something you cannot deliver."

The only place people find fulfillment is within themselves. And too often, that's the last place they look.

... and I'd recommend a postcollege year abroad to anyone who has the opportunity.

After graduation, I sent a tongue-in-cheek letter to the dean of admissions at Princeton, to which I had not been accepted four years earlier. "I imagine you track the people you graduate," I wrote. "I thought you might be interested to know what happened to one of the people you rejected. I just wanted to tell you that I graduated from Harvard summa cum laude and Phi Beta Kappa." The dean wrote me back, "Thank you for your note. Every year, we at Princeton feel it is our duty to reject a certain number of highly qualified people so that Harvard can have some good students too."