Introducing "Behind The Memo": Selling Out
The Memo by Howard Marks
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Market Timing Is Not Fundamentally Driven Investment Decisions
Selling in anticipation of a dip introduces a number of significant questions. The dip you're worried about may or may not arise. But even if you're prescient and the dip does occur, you have to figure out when to go back in. When is it low enough? A lot of people might say we don't know but i do.
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