#53 Howard Marks: Luck, Risk and Avoiding Losers
The Knowledge Project with Shane Parrish
The Slowest Recovery Since World War Two
We're in the tenth year of a recovery. This has also been the slowest recovery since world war two. The positive side is that it hasn't been marked by excesses. So my guess is that this recovery will set a record for the longest recovery in history because of the slowness and the absence of excesses.
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