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I wanted first to just think back a little bit about the lecture
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we got from Steve Schwarzman on Friday.
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Before he came,
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I talked with him in my office
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and I had the audacity to ask him
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if he thought there was any chance
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that his fortune was just due to luck.
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I said, why we have this efficient markets theory in finance
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that says that nobody can beat the market.
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So, what do you think he said?
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Well, obviously he believes in himself,