Great post!
Lots of valuable lessons summarized in that list.
Incentives affect human behavior-always.
Probably the single most important 'truth' for managers, investors, educators, parents, and politicians to acknowledge and embrace.
Distributions are at least as important as averages
I really like that one. It is often overlooked and, even when not overlooked, rarely given the full weight it deserves.
Thanks for sharing your 25 years of acquired wisdom!