MI131: Richer, Wiser, Happier w/ William Green
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Future Is Unknowable
The future is unknowable, so how the hell do i make a good decision about the future, about anything? The reason they have to be very pragmatic in terms of thinking about the future and how to make good decisions is ecause they have skin in the game. You can lose tens of millions, hundreds of millions, billions of dollars, in the case of some of these investors. So i think that makes them very good thinkers. It starts off really just being about money, and then i stop to think about all these issues that they're grappling with. Like to give you an example, something like howard marks, who i write about in one of the chapters of this book.
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