The Rewind: Dare to Be Great II
The Memo by Howard Marks
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Do You Dare to Be Different?
The best investments begin in discomfort. That's the essence of contrarianism. A fin e stock, and it's up a few thousand % this year. Why? Because everybody thinks it's great. And you only have good performance from securities that the masses feel good about. The big money is made from doing the things that other people won't. But those things, by definition, have to be uncomfortable.
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