#53 Howard Marks: Luck, Risk and Avoiding Losers
The Knowledge Project with Shane Parrish
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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