
The Rewind: It’s All a Big Mistake
The Memo by Howard Marks
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Do Distress Debts Investings Have Anti Error Business Model?
One of the interesting quotes in this memo, howard said that distress debts investings great advantages is that it embodies an anti error business model. We're operating in a field that, at least from the outside, many people would describe as highly volatile, highly complex and one in which, at least to the outside observer, would lead to a lot of losses. Itis great to operate in a strategy which is inherently anti error because you have the promise of repayment.
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