(Howard Marks)
The philosophy of a great investor is built on a daily basis, through mistakes and successes. But what if someone who went through this could teach us?
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In investing, most people consistently do the wrong thing at the wrong time. We must be wary of common sense;
We must understand market cycles;
Not respecting risk is a recipe for failure;
Avoiding a bad investment is more important than taking advantage of a good opportunity;
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