Indeed, there have been some documented cases since of people getting so good at understanding horses and odds that they actually are able to beat the course in offtrack betting. There aren’t many people who can do that, but there are a few people in America who can.

芒格经常说的赌马pari-mutuel system是思考股市投资时的一个很好的模型。这里芒格提到了对马和几率的理解。马就是公司，几率就是性价比。赚钱的公司大家都能看出来，难在要不要在这个价格去买。

昨天读完芒格的Talk 9，今日重读。对于做科研的朋友，这篇探讨经济学对多学科融合的成败的文章，很值得借鉴。这也是芒格系统的一个巨型剖析案例。