The Rewind: Us and Them
The Memo by Howard Marks
Confidence Exceeds the Meres
Confidence is extremely positive when it is merited. But having confidence which exceeds the merits is dangerous, he says. No sentence that starts with i don't know has ever got anybody in big trouble? He writes: "The sentences that caused the big trouble are the ones that start with 'i'm a hundred % sure'"
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