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Emanuel Derman

“I don’t judge him now. Like most of us, he wasn’t what he thought he was. But thankfully, for most of us, comprehension of the disparity between who we think we are and who we truly are comes gradually and with age. We are lucky to avoid a sudden tear in our self-image and suffer more easily its slow degradation. For Leftwich the apparent union between personality and character ruptured like the fuselage of the early De Havilland Comet, in an instant, in midair, unable to withstand the mismatch between external and internal pressure. How do you ever forgive yourself for a betrayal like that? But we have all committed acts that surprise us and are hard to forgive. You can count yourself lucky if your model of yourself survives its collision with time.”

Emanuel Derman, Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life
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Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life by Emanuel Derman
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