Lesson Number One: The Importance Of Being

Once A Musician Has Enough Ability To Get Into A Top Music School, The Thing That Distinguishes One Performer From Another Is How Hard He Or She Works. That's It. And What's More, The People At The Very Top Don't Work Just Harder Or Even Much Harder Than Everyone Else. They Work Much, Much Harder.

Who We Are Cannot Be Separated From Where We're From.

...mediocre People Find Their Way Into Positions Of Authority...because When It Comes To Even The Most Important Positions, Our Selection Decisions Are A Good Deal Less Rational Than We Think.

Those With Health Insurance Are Overinsured And Their Behavior Is Distorted By Moral Hazard. Those Without Health Insurance Use Their Own Money To Make Decisions Based On An Assessment Of Their Needs. The Insured Are Wasteful. The Uninsured Are Prudent. So What's The Solution? Make The Insured A Little More Like The Uninsured.

When People Reflexively Write Checks To Institutions That Have Billions Of Dollars In The Bank, They Are Essentially Committing A Moral Crime. Your Money Could Do Good In This World And You're Choosing Instead To Waste It. People Have To Do A Better Job Of That. You've Got To Find Places Where Your Money's Going To Do Some Good And Direct Your Dollars Towards That Institution.