> The teacher first accused my parents of lying that I read that many books, because it quickly got to double digits, but I was able to summarize all of them off the top of my head, so instead I was just forbidden from doing it altogether.
> Not sure what the lesson is there, lol.
Lessons learned:
a) Incentives matter (economy 101)
b) If a market offers possibilities for arbitrage, market participants will attempt to make use of them.
c) By market laws, arbitrage opportunities will close very fast, so in the long term, markets can be assumed to be arbitrage-free.
d) Goodhart's law: When a measure becomes a target, it ceases to be a good measure.
e) Authorities (or those in power) will attempt to cheat you. Don't trust them.
In high school we had to make a list of 12 books we read in the year. I was reading a few a week. My list contained 12 books.
(Side note, we lived some distance from the library in elementary school, but we got through the books -fast- so the librarians gave us extra library cards to reduce visits to like once a week. I also got adult-cards pretty young (like 10) because I'd read all the kids books and was already reading older fare. This was in the days before YA was a genre :)
Of course you had a poor teacher because they obviously desired to teach you something, but forgot to tell you what the lesson was. Other than they were a bad teacher, but i guess you may already have known that.
> Not sure what the lesson is there, lol.
Lessons learned:
a) Incentives matter (economy 101)
b) If a market offers possibilities for arbitrage, market participants will attempt to make use of them.
c) By market laws, arbitrage opportunities will close very fast, so in the long term, markets can be assumed to be arbitrage-free.
d) Goodhart's law: When a measure becomes a target, it ceases to be a good measure.
e) Authorities (or those in power) will attempt to cheat you. Don't trust them.