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#53 Howard Marks: Luck, Risk and Avoiding Losers
The Knowledge Project with Shane Parrish
The Golden Rule, Do Unto Others as You Have Them Do
In our family, it's not about getting to the front of the line. And insulating kids from choices is not doing them a favor. In most instances being wrong comes with the franchise of an activity whose outcome depends on an unknown future. No baseball player expects to bat a thousand. Investors shouldn't get down on themselves if they make a mistake.
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