Howard reflects on this memo originally published on May 7, 2004. In a discussion that namechecks both psychologist Amos Tversy 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.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.