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Summers: Why you should avoid chasing the crowd

“In general, the right career advice for people is the advice that made [Richard H. Thaler’s] career in many ways. Which is, don’t be like a little kid’s soccer game. In a little kid’s soccer game, everybody runs to where the ball is, and is in the crowd where the ball is. If you look at the most successful research careers, mostly they’re people who stayed where the ball wasn’t. Then, eventually, the ball came to their corner and they were there all alone, ready for their moment of glory.”

—Former US Secretary of the Treasury Lawrence H. Summers, speaking at a roundtable discussion hosted by the Becker Friedman Institute in October

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