
Something of Value
The Memo by Howard Marks
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Value Investing and Growth - What Is It All About?
The apparent ease of predicting traditional company a's future can be quite deceptive. Value investing should instead consist of buying whatever represents a better value proposition, taking all factors into account. When you find an in sment with the potential to compound over a long period of time, one of the hardest things is to be patient and maintain your position.
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