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The Acquirers Podcast cover image

Value After Hours S06 E25: Luca Dellanna on his books Winning Long-Term Games and Ergodicity

The Acquirers Podcast

NOTE

Experience is Not Enough for Learning

Relying solely on personal experience for learning and decision-making can lead to slow progress and increased risk of failure. In contexts like investing, the effectiveness of strategies can depend on external factors, making iteration less reliable. Instead, it's essential to also learn from others, as drawing on their experiences and insights can provide a more effective framework for understanding and navigating unknown areas. Developing a multifaceted approach to learning that combines personal and external knowledge is crucial for better decision-making.

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