
Behind the Memo: I Beg To Differ
The Memo by Howard Marks
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Do You Dare to Be Great?
I expressly dealt with the importance of being different in two prior memos mentioned in this memmo. The first memo was tare to be great, written in two thousand and six. In the second mammo, which was about a decade later, i said, look, everybody dares to be great. That's not really much of a challenge. The question is, do you dare to be different from others? B, do you Dare to be wrong? And c, do you daring to look wrong? For these are three much more important questions than, doYou dare to be great? It's not easy to be different. Think of a stock it's going up rapidly. Why
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