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Something of Value

The Memo by Howard Marks

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Value Versus Growth Investing - Memo by Howard Marks

Howard marks: I think we came to some important realizations regarding the question of value versus growth investing. His answer was simple, they looked like value to me. There's a lot of general ising, and we know how imperfect generalizations can be. It's just the current state of my thinking. Not only do i not insist that my version is the only one possible, but i expect it to evolve further as the world changes and i continue to learn.

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