“There is a fundamental problem with regulators. If a regulator agrees to change a rule and something bad happens, they could easily lose their career. Whereas if they change a rule and something good happens, they don’t even get a reward. So, it’s very asymmetric. It’s then very easy to understand why regulators resist changing the rules. It’s because there’s a big punishment on one side and no reward on the other. How would any rational person behave in such a scenario?”
1. “Weak people revenge. Strong people forgive. Intelligent people ignore.”
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4. “Ask for help. Not because you are weak. But because you want to remain strong.”
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5. “The strongest man in the world is he who stands most alone.”
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10. “There are better starters than me but I’m a strong finisher.”
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17. “I like criticism. It makes you strong.”
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