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#111 Joel Greenblatt: Investing Made Simple
The Knowledge Project with Shane Parrish
Is It a Lottery Ticket?
Is there a way to think about which ones are more likely to create that outcome than other ones, or is it sort of a lottery ticket? How do you think about that? You pick the ones you can't figure out. I'm a firm believer the government should spend as much money as necessary to keep the consequences low. The world is changing very quickly. Tiktok, or whatever it's called, didn't exist. Now they got billions of followers. And where does that take business out of? And, you know, everything else. So very hard to predict who will be the winners.
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