
Something of Value
The Memo by Howard Marks
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Investing in High Growth Stocks
There are many similarities between to day and past periods of optimism. There is immense excitement about investing in high growth stock fueling continued rapid appreciation. We've never had such a catalist for technology adoption as we've had in the corona virus pandemic. The internet has permeated the world and changed it. And business models have evolved in a way that makes to day's situation incomparable to the nifty 50 or the com bubble of the late nineties.
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