#53 Howard Marks: Luck, Risk and Avoiding Losers
The Knowledge Project with Shane Parrish
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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