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George Noble: A 20-50% Market Crash Is Coming
Forward Guidance
How Do You Cook a Frog?
The reason folks like Seth Klarman or Howard Marks or Paul Singer make money is because when the proverbial hits the fan, they have liquidity. If you're fully invested all the way down, you don't you're not able to take advantage of those opportunities. You've heard me say before, Jack, sale is not a four letter word. And so when I say to people, it's actually in holding cash or you're generating alpha, you're like, what are you talking about?
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