The Memo by Howard Marks cover image

What Really Matters?

The Memo by Howard Marks

CHAPTER

How to Execute Better Than the Average Investor

Investing for the long run is more important than short-term returns. Decide whether you believe in market efficiency and if so, are you up to exploiting it? Adopt a healthy attitude toward return and risk. Insist on an adequate margin of safety or the ability to weather periods when things don't go well.

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