2min chapter

Acquired cover image

Howard Marks & Andrew Marks: Something of Value

Acquired

CHAPTER

The Decision to UnBuy Is a Nuanced Conversation

If you can do that for 50 years, you're up 10,000 X. It's really, really hard to price that in in the near term. The thought process should be the opposite of the buying decision and not some chicken stuff about being afraid to lose. "It all comes down to maybe we can think better about the selling decision if we rebrand it"

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