The Rewind: Us and Them

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 (oaktreecapital.com/docs/default-source/memos/2…) (oaktreecapital.com/docs/default-source/memos/2…).
The memo is read by LJ Ganser.