"When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something."
These 15 Howard Marks quotes will change the way think
1. Long-term thinking
"Investment success doesn’t come from “buying good things,” but rather from “buying things well."
2. Investment risk
“There’s a big difference between probability and outcome. Probable things fail to happen—and improbable things happen—all the time. That’s one of the most important things you can know about investment risk.”