18min chapter

The Education of a Value Investor cover image

Think smarter, not harder with Howard Marks

The Education of a Value Investor

CHAPTER

Navigating the Paradoxes of Investment Success

This chapter examines the complexities of achieving success in investing by prioritizing intrinsic values over purely financial gains. It discusses the significant roles of luck, timing, and emotional resilience during turbulent market conditions, highlighted by personal anecdotes and historical events. The speakers advocate for a rational and disciplined approach to investing, acknowledging the unpredictability of markets while embracing unconventional strategies.

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