Binance CEO CZ Draws on Eleanor Roosevelt Quote to Discuss Market Predictability
Key Takeaways
CZ, the CEO of Binance, tweets about the unpredictable nature of markets.
The tweet is adapted from a quote by Eleanor Roosevelt.
The tweet garners significant attention, with over 355.8K views.
Contextualizing Market Unpredictability
Changpeng Zhao, commonly known as CZ, the CEO of Binance, took to Twitter on September 24, 2023, to share his thoughts on market predictability. In a tweet that has since garnered over 355.8K views, CZ stated, «If markets are predictable it would cease to be markets and be without profits.»
The Eleanor Roosevelt Connection
CZ's tweet was not an original thought but an adaptation of a quote by Eleanor Roosevelt, the former First Lady of the United States. The original quote from Roosevelt is, «If life were predictable it would cease to be life and be without flavor.» CZ acknowledged the adaptation with a follow-up tweet, adding a laughing emoji and stating, «Copied/adapted
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