
The Rewind: On The Couch
The Memo by Howard Marks
00:00
The Investment Pendulum
Investor psychology rarely gives equal weight to both favorable and unfavorable developments. The sense of hopelessness regarding problems like isis is something investors handle particularly poorly. In august, the events in china sparked a revival of risk aversion and fear,. with effects that carried around the world for a couple of weeks. With the door opened to fearful interpretation, pollyanna tolerance gave way to widespread negativism.
Transcript
Play full episode