About this episode
Howard reflects on this memo originally published on May 7, 2004. In a discussion that namechecks both psychologist Amos Tversky and tennis great Pete Sampras, Howard explains why too much confidence can be a dangerous thing.
You can read the memo here (https://www.oaktreecapital.com/docs/default-source/memos/2004-05-07-us-and-them.pdf).
The memo is read by LJ Ganser.
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