The Memo by Howard Marks cover image

The Rewind: You Can’t Predict. You Can Prepare.

The Memo by Howard Marks

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The Greatest Mistakes With Regard to the Economic Cycle

Most predictions for growth, inflation and interest rates bear a strong resemblance to the levels prevailing at the time they're made. No prediction can be counted on to foretell the important sea changes. It's in predicting radical changes that extraordinary profit potential exists. The greatest mistakes with regard to the economic cycle result from a willingness to believe it will not recur. But it always does.

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