
The Rewind: Dare to Be Great II
The Memo by Howard Marks
Is the Financial Sector Going to Melt Down?
"We were very unconventional, i think, in the period between the two memmos and i was rewarded," he says. "That's indicative of how far from the main stream our actions can be from time to time." He adds: 'You want to have unconventional behaviour that leads to above average outcomes' The firm invested 450 million sa week, on average for 15 weeks, under very treacherous conditions. So we really had to take a chance - which is what makes us so successful.'
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