My heart was beating out of my chest, and I was breaking into a cold sweat. You’d expect nerves from a Ph.D. student presenting at a conference full of professors, but I’d just finished my talk. I’d practiced that presentation dozens of times and never quite nailed it. Yet gameday had come, and I’d hit every note. So why the jitters? As I took my seat, Patrick Bolton stood up. He was one of the world’s most respected researchers in corporate finance theory, the topic I’d just spoken about, and would later become president of the American Finance Association, the most prestigious position in my profession. Patrick wasn’t presenting one of his own papers but instead was assigned the
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