So Levit, you're a fairly successful fellow.

Thank you.

I'm just curious, have you succeeded at everything you've ever done?

No, I've mostly failed at everything I've ever done.

Particularly, please.

Well, definitely golf.

Golf has been a lifelong failure.

You know when I was a kid, all I wanted to do was professional golfer.

And thank God that I was so bad at golf, that I couldn't even imagine trying to be a pro

golfer.

I think one of the worst lives you can have in some sense in a modern world is thinking

you're good enough to play pro golf, not being good enough to play pro golf.

Struggling for a decade or 20 years and then you got nothing to show.

But luckily I was so bad I couldn't even pretend to follow that path.

Now you also failed at becoming the kind of economist that you thought you should become

when you first started studying economics, right?

Yeah, I started out as a macro economist wannabe and very quickly I realized that modern

macro was all about solving dynamic optimization models.

So there was hopeless.

Then I wanted to be an economic theorist and I actually, that was more dangerous because

I was closer to golf.

Almost there enough.

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