[HT IEX Trading] “Woman Behind ‘Flash Boys’ Exchange Approval Preps for Next Fight” //A native New Yorker, [Spohia] Lee graduated from the Massachusetts Institute of Technology with a degree in mechanical engineering, and experience working in cryogenics, solar energy and thermodynamics labs. Long before Lee helped IEX take the first steps toward its biggest goal, she had worked on creating a walking device for paraplegics for her undergraduate thesis. She wasn’t keen on taking an engineering job in a far-flung locale, so she decided to attend law school at New York University. She held jobs at electronic broker Investment Technology Group Inc. and spent 10 years at Liquidnet Holdings Inc., which operates a private trading venue.
“She’s clearly got a stronger stomach than most general counsels,” said Tyler Gellasch, a former SEC official and securities lawyer who heads the Healthy Markets Association, an investor advocacy group. “It’s clear she has helped shape their strategy in a way that says, ‘We’re going to be smart, we’re going to take on a fight, and, frankly, we’re not afraid to lose.’”
The SEC’s approval — which gives IEX license to operate on par with the New York Stock Exchange, Nasdaq Stock Market and other exchanges — comes with several prizes, including the ability to list companies and a greater voice in oversight of the entire $25 trillion U.S. stock market. The regulator’s blessing came against vocal opposition from those large exchange operators, and other market players including Citadel LLC, which argued IEX’s 350-microsecond “speed bump” on orders would amount to putting a pothole on the superhighway of the U.S. stock market.//
[HT Susan Cain] //During the seven years it took me to write Quiet, I really had no idea whether anyone would read it, once it was published. People often ask me how I dealt with that uncertainty. The answer is that I felt so sure it was the right thing to be doing, regardless of the outcome. //
“It’s easy to see how Martinez could have lost focus and been sucked into a vicious cycle of rumination. But when I spoke with Martinez shortly after these events unfolded, she told me that it was the same mind-set that got her to the Olympic trials in the first place — after ten years of training, which included setbacks, false milestones, and close calls — that got her through it. “I just quickly let go of what happened in the 800m and got back to my routine, to focusing on all the little things I could do that would give me the best chance of running well later in the week.”
Brenda Martinez wasn’t attached to her goal of making the Olympic team. She was focused on the process.
The Problem With Goals
You wouldn’t know it from browsing the self-help aisle of your local bookstore, but scientists are beginning to question whether focusing too much on goals runs counter to long-term performance and general well-being. In a Harvard Business School report titled “Goals Gone Wild: The Systematic Side Effects of Over-Prescribing Goal Setting,” [PDF file] a team of researchers from Harvard, Northwestern, and the University of Pennsylvania set out to explore the potential downfalls of goal-setting. They found that overemphasizing goals — and especially those that are based on measurable outcomes — often leads to reduced intrinsic motivation, irrational risk-taking, and unethical behavior.”
“The role of passion in sustainable psychological well-being“