Lessons learned over my career:
- Economics is rooted in the theory of value not the theory of financial profit.
- Rules are made to address issues including safety, health and fair competition. Respect and understand why it was made before rescinding it.
- Be aware that the finest advice based on the best conceptual framework can and probably will be be twisted to serve other objectives.
- You are never the smartest person in the room or on the Zoom.
- Social political choices matter. Advancement and progress is earned not given. Argentina, amongst the richest advanced countries in the early twentieth century, failed to meet its challenges and has fallen to an unstable middle-come income country.