3min chapter

The Knowledge Project with Shane Parrish cover image

#53 Howard Marks: Luck, Risk and Avoiding Losers

The Knowledge Project with Shane Parrish

CHAPTER

I'll Give You Two Ten Dollar Hamburgers

OAK tree is not a macro investor. We we are a micro investor, and i do tend to have opinions on these things. A nation cannot or shouldn't set its tax rates with reference to the tax rates in the rest of the world. And if we say, well, we're going to balance the budget by taxing the rich, they move away. This is economic reality in action.

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