
The Rewind: Us and Them
The Memo by Howard Marks
The Market's Efficient and Now Here's the Characteristics of Us?
Bearish nature. Defensive, guarded, obsessed with risk, what might go wrong? Worried about losers. Value investors insistent on buying cheap. Sceptics trees don't grow to the sky. Frightened by excessive appreciation. Enjoy averaging down. Eager to take profits. Comfortable with cash,. aware that much is beyond their control. Highly conscious of the role played by luck. Devoted to watching companies, the markets. Engrossed in watching the market. The market's efficient and now here are the characteristics of us? I don't know. Oak tree believes that the sources from which such information has been obtained are reliable. It cannot guarantee the accuracy or completeness
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.