Richard Jenrette, who co-founded the investment bank Donaldson, Lufkin & Jenrette in 1959, spent four decades on Wall Street. When he died in April 2018 from complications of cancer at the age of 89, he left behind on his desk 24 rules to succeed – in finance and in life. The list, titled “What I Learned”, was shared below:
What I Learned (How to succeed and have a long and happy life)
- Stay in the game. That’s often all you need to do – don’t quit. Stick around! Don’t be a quitter!
- Don’t burn bridges (behind you).
- Remember – Life has no blessing like a good friend! You can’t get enough of them. Don’t leave old friends behind – you may need them.
- Try to be nice and say “thank you” a lot!
- Stay informed – keep learning!
- Study – Stay Educated. Do Your Home Work! Keep learning!
- Cultivate friends of all ages – especially younger.
- Run scared – over-prepare.
- Be proud – no Uriah Heep for you! But not conceited. Know your own worth.
- Plan ahead but be prepared to allow when opportunity presents itself.
- Turn problems into opportunities. Very often it can be done. Problems create opportunities for change – people willing to consider change when there are problems.
- Present yourself well. Clean, clean-shaven, dress “classically” to age. Beware style, trends. Look for charm. Good grammar. Don’t swear so much – it’s not cute.
- But be open to change – don’t be stuck in mud. Be willing to consider what’s new but don’t blindly follow it. Use your head – common sense.
- Have some fun – but not all the time!
- Be on the side of the Angels. Wear the White Hat.
- Have a fall-back position. Heir and the spare. Don’t leave all your money in one place.
- Learn a foreign language.
- Travel a lot – around the world, if possible.
- Don’t criticize someone in front of others.
- Don’t forget to praise a job well done (but don’t praise a poor job).
- I don’t like to lose – but don’t be a poor loser if you do.
- It helps to have someone to love who loves you (not just sex).
- Keep your standards high in all you do.
- Look for the big picture but don’t forget the small details.
At 7:15 pm on March 1, 1950, the 15 members of the church choir in Beatrice, Nebraska, were scheduled to meet for rehearsal. For various reasons, they were all running late. The minister’s family was delayed because his wife still had to iron their daughter’s dress. One couple was held back when their car wouldn’t start. The pianist planned to be there 30 minutes early, but he fell into a deep sleep after dinner. And so on.
At 7:25 pm, the church exploded. The blast was heard all around the village. It blew out the walls and sent the roof crashing to the ground. Miraculously, nobody was killed. The fire chief traced the explosion back to a gas leak, even though members of the choir were convinced they had received a sign from God. Is it hand of God or coincidence?
Let’s analyse this from different angles and consider all the possible scenarios. For this church explosion case, there are 4 possible events that can happen: (1) Choir delayed and church exploded, which actually took place; (2) Choir delayed and church did not explode; (3) Choir on time and church exploded; and (4) Choir on time and church did not explode.
Now, estimate the frequencies of these events. Pay special attention to how often the last case “choir on time and church did not explode” has happened – every day, millions of choirs gather for scheduled rehearsals and their churches don’t blow up. Suddenly, the story has lost its unimaginable quality. For all these millions of churches, it would be improbable if something like what happened in Beatrice, Nebraska, didn’t take place at least once a century. So, no hand of God. And anyway, why would God want to blow a church?
We tend to stumble when estimating probabilities. If someone says “never”, it just means a minuscule probability greater than zero since “never” cannot be compensated by a zero or negative probability. So, don’t get too excited. Improbable coincidences are precisely rare but very possible events. It’s not surprising when they finally happen. What would be more surprising is if they never came to be.
During a presentation at this year’s I/O – Google’s annual festival for developers – CEO Sundar Pichai showed off a stunning demo of Google Assistant making a phone call. In the demonstration, Pichai played a footage of Google Assistant calling up a hair salon and booking an appointment on behalf of the phone’s owner. The amazing bit is that Google Assistant sounds like an actual human. People on the other end did not know they were talking to a computer. When you listen to the audio, you will have difficulty in discerning who’s the Google Assistant and who’s the human.
Furthermore, Google Assistant is able to pick up on small human mannerisms. While speaking to the salon receptionist, you hear the Assistant says things like “umm” and “mm-hmm”. Even if the conversation veers off topic or doesn’t go as expected, the program can still react intelligently. It simply passes the Turing test which is proposed by computer scientist Alan Turing in 1950, it’s a way of potentially evaluating a machine’s ability to demonstrate intelligent behavior. To pass the Turing test, a computer’s natural language responses would have to sound just like a human’s.
Although the demo met with loud applause, it prompted a controversial response from the technology world – critics are questioning whether Google is going too far with its AI (Artificial Intelligence) Assistant. Technology is all about helping people, not to deceive humans by adding a level of deception. Nowadays we already can’t trust what we see on the internet, and soon we can’t trust what we hear. And imagine this technology is used in cold calling and spamming.
Google has since clarified that its Assistant will identify itself while making calls, which removes the initial ethical question. However, early uproar still clearly points to the fact that plenty of people just don’t want to treat machines like human. Instead of trying to have meaningful conversations with humans, Google Assistant should butt out and let real people focus on having meaningful conversations with each other. How about you? Do you mind your Google Assistant to sound like your friend or make phone calls for you?
In 1976, the orbiter of the Viking spacecraft photographed a rock formation that, from high above, looked like a human face. The “Face on Mars” made headlines around the world. In 1978, a woman from New Mexico found her tortilla’s blackened spots resembled Jesus’s face. The press latched on to the story and thousands of people flocked to New Mexico to see the savior in burrito form. In 1994, a woman from Florida also had a similar encounter. After biting into a slice of toast and placing it back down on the plate, she noticed the face of the Virgin Mary in it. Immediately, she stopped eating and stored the divine message (minus a bite) in a plastic container. In 2004, she auctioned the still fairly well preserved snack on eBay. Her daily bread earned her $28,000.
And you? Have you ever seen faces in the clouds or the outlines of animals in rocks? Of course you did. This is pretty normal. As a human, we always seek patterns and rules. If we find no familiar patterns, we simply create one. My father studies the electronic roulette games in casinos for years. He told me he had discovered a pattern to predict future results from the previous results. His theory works sometimes, but fails most of the time. I didn’t tell him that the electronic roulette software was written by me and the game results generated are purely random.
We are always oversensitive when it comes to recognizing the patterns. Regain your skepticism. If you think you have discovered a pattern, first consider it pure chance. If it seems too good to be true, find an expert or a mathematician and have the data analyzed statistically. If your pancake starts to look a lot like Jesus’s face, ask yourself: If he really wants to reveal himself, why doesn’t he do it in St Peter’s Square or on CNN?
I know people who graduated college at 21, and didn’t get a salary job until they were 27.
I know people who graduated at 25 and already had a salary job.
I know people who have children and are single.
I know people who are married and had to wait 8-10 years to be parents.
I know people who are in a relationship and love someone else.
I know people who love each other and aren’t together.
There are people waiting to love and be loved.
My point is, everything in life happens according to our time, our clock.
You may look at your friends and some may seem to be ahead or behind you, but they’re not.
They’re living according to the pace of their clock, so be patient. You’re not falling behind, it’s just not your time.
– Julissa Loaiza
Everyone has a purpose in life, its all about waiting for yours.
Price Lawrence, a teacher at Highlands Elementary in Huntsville, Alabama, was upset at work after his father-in-law passed away over the weekend. Lawrence said his students noticed he wasn’t acting normal so he told them what happened. After he dismissed the class, one little girl walked up to him and put something in his hand.
Lawrence shared the touching story on Facebook.
This morning, during first period, my kids could tell that I was a little off. When they asked why I wasn’t acting normal I explained to them that my wife’s father had passed away this weekend and that I was worried about her. They all said they were sorry and then we got started on our work. While standing at my door giving hugs and high fives at dismissal to 2nd period one little girl put something in my hand. She told me, “This is for your wife. I know it was real expensive when my daddy died and I don’t really want ice cream today anyways.” I wish the world would pay more attention to children. We could learn a lot from them.