Milk doesn’t come from the shops. It comes from Cows. Most of the
products we now end up using are assembled from bits that come from all over
the world. The words we use have danced off the tongues of hundreds of
thousands of people as they criss-cross the globe. Sharing flavours. Bending structure.
Breaking rules. What you see isn’t all there is. The problem with bowing down
at the alter of the obvious, the conspicuous, and the evident, is it cuts us
off from the stuff you can’t count. Quantitative Finance likes to boil
decisions down to two numbers. Return and Risk. The problem is, you don’t actually
get paid for taking risk. In the long run, you get paid for adding value. Value
is a deeply complicated, often abstract, internal, personal, and relational
story. It is important to regularly remind yourself where your milk comes from.
To look for, and retain awareness of, the source.

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