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Kevin Simler – Exploring the Frontier - [Invest Like the Best, EP.12]
Invest Like the Best with Patrick O'Shaughnessy
The Prestige Bank Account
If you can spend it without losing it, then it doesn't behave like money. So i completely grant that there are cases where, on the basis of your prestige, good things happen for you. But i think that if you use your prestige to get things, to take things, tojut get favors and favors and never repay them, you will lose in this bank account.
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