About this episode

The episode discusses a story by Howard Marks that illustrates the themes of overconfidence and humility through a gambling anecdote.

Howard Marks tells one of my favorite stories about overconfidence and humility. A gambler once heard of a horse race with only one horse—a sure thing if ever there was one. Sensing fortune's nod, he rushed off to the track, rent money in hand. But halfway around, the lone horse veered off course, jumped the fence, and disappeared into the fields. Confidence met reality, and reality won...

People in this episode

Host: Travis Portwood

Topics covered

• overconfidence
• humility
• gambling
• risk management
• reality check

Keywords

• overconfidence
• humility
• gambling
• horse race
• risk

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