The Memo by Howard Marks cover image

Introducing "Behind The Memo": Selling Out

The Memo by Howard Marks

CHAPTER

Introduction

Memo got its start in a memo that i wrote in 20 15 called quiddity. There was significant concern that the liquidity afforded by the us Stock market had contracted. Many private investments can't be sold, and you would never sell them anyway. But people want luquidity. Is that a good thing? I believe that. As a broad brush statement, it's fair to say that investors trade too much. Most trading is not helpful.

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.
App store bannerPlay store banner