
The Rewind: It’s All a Big Mistake
The Memo by Howard Marks
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Oak Tree Capital Management L P.
Risk control isn't an action so much as it is a mine set. Success in investing requires an understanding of the fact that high returns don't just come along for the picking. superior investing is all about mistakes and about being the person who profits from them, not the one who commits them. Where there is a potential for profit, there is also the possibility of loss.
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