
The Rewind: On The Couch
The Memo by Howard Marks
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Why the Market Goes Down?
I find myself kind of laughing at those explanations, because, as i said, in thinking about mackerel, i say, tomy. They say, well, the market went down yesterday because oil prices were soft. I've never found that funt of information. So if the pronouncements about causality are often wrong, i think the most import thing is to apply some scepticism and not swallow what the pundits say.
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