No Sure Thing
Nothing is certain except for death and taxes
-Benjamin Franklin
I hear this quote from Howard Marks
“I tell my father’s story of the gambler who lost regularly. One day he hears about a race with only one horse in it, so he bet the rent money. Halfway around the track, the horse jumped over the fence and ran away.”
So I created an entire storyline from it for my podcast, Rambling Mind
I hope you enjoy the story.
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Recommended Reads
Morgan Housel is back at it with another great post on what it takes to really enjoy your wealth. The post is called Rich and Anonymous it's a short read and you can also listen to it as a podcast
Derek Thompson gives one of the best pieces of career advice I have ever heard in this article called Your Career Is Just One-Eighth of Your Life
Nick Maggiulli breaks down Return on Hassle, which is an underrated and under-discoursed part of investing.