Chapter 9A Careful Balancing Act

“Well-bred instinct meets reason halfway.”

—George Santayana

When I was young, I believed that my most important focus was controlling my emotions and living a life based on logical, reasoned principles. I attributed my early success in life to my intellect, my brains, and quite a bit of luck. I underestimated the value of my intuition.

When Stanley Angrist interviewed me about 20 years ago for The Wall Street Journal article he was writing about the Turtles, he asked me why I thought I had been so successful compared with many of the other Turtles. I answered that I thought it was because I had less fear, probably because of my younger age. I felt that some of the other Turtles had let their fear cause them ...

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