Once in a while our school has half days, and the teachers spend the afternoon ‘in service,’ which I think must be a group therapy for having to deal with us.
So one of the great advantages that I had in my career is I started trading 24 hours a day in my early 20s, and I had to learn to delegate to people. I had to learn to trust people, and I realized that success was going to be born in hiring really bright people – very self-motivated, very able to make good judgment calls day in and day out. And if you look at Citadel today, that’s really the founding principle of the firm is a real pursuit of talent, a pursuit of people who have a passion for finance, and a pursuit of individuals who make good decisions day in and day out.
An exceedingly confident student would in theory make a terrible student. Why would he take school seriously when he feels that he can outwit his teachers?
