3min chapter

The Knowledge Project with Shane Parrish cover image

#53 Howard Marks: Luck, Risk and Avoiding Losers

The Knowledge Project with Shane Parrish

CHAPTER

The Desire for Second Level Thinking

To be an out performer, you have to think different from the crowd. Second level thinking is thinking which is different and better. Most people make mistakes concerning a given company. The way you become a superior investor is you look at things other people don't see.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode