#53 Howard Marks: Luck, Risk and Avoiding Losers
The Knowledge Project with Shane Parrish
00:00
You Don't Want Anybody to Lose
i would love to live in a world where everybody had equal sort of opportunity to flourish. But ideally, i mean, you can't produce that because we are born in with advantages of birth and upbringing. You have to have losers and winners in the free enterprise system. If you don't want winners and losers, switch to the socialist system or communist system in which they were only losers. I think luck is a real thing,. and it's un important, and it's inherently unfair, but that's life.
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