{"id":7808,"date":"2019-04-06T05:45:09","date_gmt":"2019-04-06T05:45:09","guid":{"rendered":"http:\/\/onthe8spot.com\/?p=7808"},"modified":"2019-04-06T05:45:09","modified_gmt":"2019-04-06T05:45:09","slug":"luck-risk-and-avoiding-losers-oaktree-capital-co-founder-howard-marks-the-knowledge-project-ep-53-2","status":"publish","type":"post","link":"http:\/\/onthe8spot.com\/index.php\/2019\/04\/06\/luck-risk-and-avoiding-losers-oaktree-capital-co-founder-howard-marks-the-knowledge-project-ep-53-2\/","title":{"rendered":"Luck, Risk and Avoiding Losers: Oaktree Capital Co-founder Howard Marks [The Knowledge Project Ep. #53]"},"content":{"rendered":"<blockquote><p><strong>The question is not, do you dare to be great?<\/strong>\u00a0The question is, do you dare to be different? To diverge from the pack is required if you\u2019re going to be a superior in anything. Number two, do you dare to be wrong? Number three, do you dare to look wrong? Because even things which are going to be right in the long run, maybe look wrong in the short run. So, you have to be willing to live with all those three things, different, wrong, and looking wrong, in order to be able to take the risk required and engage in the idiosyncratic behavior required for success.<br \/>\n<strong>I think one of the most important things to have kids who function well<\/strong>\u00a0around money is for them to have a feeling of finiteness. And this goes back really to \u201cEconomic Reality,\u201d the memo. They should understand that money is finite. No matter how much money you have, you can get in trouble if you spend too much of it. And since it\u2019s finite, you shouldn\u2019t waste it. You should make good decisions.<\/p><\/blockquote>\n<p>Source: <em><a href=\"https:\/\/fs.blog\/howard-marks\/\">Luck, Risk and Avoiding Losers: Oaktree Capital Co-founder Howard Marks [The Knowledge Project Ep. #53]<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The question is not, do you dare to be great?\u00a0The question is, do you dare to be different? To diverge from the pack is required if you\u2019re going to be a superior in anything. Number two, do you dare to be wrong? Number three, do you dare to look wrong? Because even things which are &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/onthe8spot.com\/index.php\/2019\/04\/06\/luck-risk-and-avoiding-losers-oaktree-capital-co-founder-howard-marks-the-knowledge-project-ep-53-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luck, Risk and Avoiding Losers: Oaktree Capital Co-founder Howard Marks [The Knowledge Project Ep. #53]&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[],"class_list":["post-7808","post","type-post","status-publish","format-standard","hentry","category-personal-angol"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/7808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/comments?post=7808"}],"version-history":[{"count":0,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/7808\/revisions"}],"wp:attachment":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/media?parent=7808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/categories?post=7808"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/tags?post=7808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}