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TIP497: Lessons from Billionaire Howard Marks
We Study Billionaires - The Investor’s Podcast Network
The Efficient Market Hypothesis
Marks: Markets are fluid and ever-changing. The essence of investing consists of dealing with the future. Because the future isn't certain at any point, then risk is inescapable. When you're considering an investment, you shouldn't just analyze the potential returns, but also the risk as well.
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