Surviving the Continuous Chain of Disappointments

Morgan Houselcollabfund.comWritten March 20173 min read

• money
• thinking

Housel argues success depends on surviving long losing streaks, as Ed Thorp's 2% blackjack edge still meant losing half his hands, which is why real optimism and a margin of safety matter more than the edge itself.

Another oneThe Long Run Is Just A Collection of Short Runs →