
Thinking About Macro
The Memo by Howard Marks
Is There Nothing for Investors to Do?
No one can confidently predict whether we're entering an inflationary era. So what does that mean for investor behaviour to day? Is there nothing for investors to do? The answer lies in the title of a two thousand one memo of mine. I'll briefly rehash the opinion regarding market exposure that i expressed in my review of 20 20. In january's memo, something of value, i described the way my genetic make up, early experiences and success in ing the whistle on some unsustainable financial innovations and market excesses had turned me into something of a knee jerk sceptic. My son andrew called this to his attention while our families lived together last year. And what he said struck a...
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