We should judge people by the costs of the alternative - as if history would have played out in another way
Clearly, the quality of a decision cannot be solely judged based on its outcome, but such a point seems to be voiced only by people who fail (those who succeed attribute their success to the quality of their decision).
One can illustrate the strange concept of alternative histories as follows. Imagine an eccentric (and bored) tycoon offering you $ 10 million to play Russian roulette, i.e., to put a revolver containing one bullet in the six available chambers to your head and pull the trigger. Each realization would count as one history, for a total of six possible histories of equal probabilities. Five out of these six histories would lead to enrichment; one would lead to a statistic, that is, an obituary with an embarrassing (but certainly original) cause of death. The problem is that only one of the histories is observed in reality; and the winner of $ 10 million would elicit the admiration and praise of some fatuous journalist (the very same ones who unconditionally admire the Forbes 500 billionaires). Like almost every executive I have encountered during an eighteen-year career on Wall Street (the role of such executives in my view being no more than a judge of results delivered in a random manner), the public observes the external signs of wealth without even having a glimpse at the source (we call such source the generator.)
Consider the possibility that the Russian roulette winner would be used as a role model by his family, friends, and neighbors.
While the remaining five histories are not observable, the wise and thoughtful person could easily make a guess as to their attributes. It requires some thoughtfulness and personal courage. In addition, in time, if the roulette-betting fool keeps playing the game, the bad histories will tend to catch up with him. Thus, if a twenty-five-year-old played Russian roulette, say, once a year, there would be a very slim possibility of his surviving until his fiftieth birthday— but, if there are enough players, say thousands of twenty-five-year-old players, we can expect to see a handful of (extremely rich) survivors (and a very large cemetery).
The reader can see my unusual notion of alternative accounting: $ 10 million earned through Russian roulette does not have the same value as $ 10 million earned through the diligent and artful practice of dentistry. They are the same, can buy the same goods, except that one’s dependence on randomness is greater than the other.
Happiness consists in frequent repetition of pleasure.
I wish you endless dreams and the furious desire to make some of them come true.
I wish you to love what you need to love and forget what you need to forget.
I wish you passions, I wish you silences. I wish you bird songs on waking up and children's laughter.
I wish you to respect the differences of others, because the merit and value of each one is often to be discovered. I wish you to resist the bogging down, the indifference and the negative virtues of our times.
Finally, I wish you never to give up research, adventure, life, love, because life is a magnificent adventure and no reasonable person should give it up without fighting a hard battle.
Above all, I wish you to be you, proud and happy, because happiness is our true destiny.
- 1968 -
The journey of a thousand miles begins with a single step.
Monotony collapses time; novelty unfolds it.