#53 Howard Marks: Luck, Risk and Avoiding Losers
The Knowledge Project with Shane Parrish
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How Do You Know if You Avoid Losers, the Winners Take Care of Theirself?
How do you distinguish between being wrong and it just being a function of probabilities, or being lucky and right? How do you learn from those in a culture? And i like the fact that you don't sort of assign blame. I can't give you a recipe for many of the things we're discussing to day. But rather than have a recipe or a road map, i think we have a mind set to do these things.
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