Puzhong Yao in American Affairs:
Robert Rubin never intended to become the senior partner of Goldman Sachs: a few years into his career, he even handed in his resignation. Just as in Rubin’s career, I find that maybe randomness is not merely the noise but the dominant factor. And those reasons we assign to historical events are often just ex post rationalizations. As rising generations are taught the rationalizations, they conclude that things always happen for a reason. Meanwhile, I keep wondering: is there someone, sitting in a comfortable chair somewhere, flipping a coin from time to time, deciding what happens in the world?
Most Americans that I have met seem confused about this question. Perhaps it is understandable since most of them are not in finance and have not read Rubin’s book. Their goal is always to change something—Stanford business school’s motto is “change lives, change organizations, change the world”—though they rarely seem to know what or how. Or what the role of chance and circumstance is. But if the goal is to change something, they must have the ability to determine the future, mustn’t they?