
The Rewind: On The Couch
The Memo by Howard Marks
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How to Cope With Markets Irrationality
The capital markets have begun the swing from generus toward tight as is their habit. Developments like these are indicative of rising pessimism, s ism and fear. While this may be a time to buy, i'm far from suggesting it's the time. An investor who is as subject as the crowd to emotional error is unlikely to do a superior job of surviving the market's swings.
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