![]() ![]() As we get closer to the wall of limits (human bone density, speed of light, etc) then the competitors will start to bunch up. In Full House, Stephen Jay Gould explains this in terms of a “right wall” in the distribution of results. Howard Marks said, “part of the luck is to get there early, and I did.” To put it another way exploitable opportunities gradually disappear. When the pool of potential participants expands, the competition is more intense. They work harder, faster, stronger, so you gotta rise to the occasion.” We have a lot of Chinese guys and they grind. When asked by Ritholtz what advice he would give young people, Gray said to “build mental toughness,” because, “you’re competing not with Americans, you’re competing with the globe now. ![]() Ready for the notes?ġ/ When the pool of participants expands. That’s the beauty of podcast subscriptions. I didn’t know of Gray but enjoyed the interview. It was a pleasant surprise like the Andy Weissman interview. Wesley Gray joined Barry Ritholtz on the Masters in Business podcast. ![]()
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