Selling Out
The Memo by Howard Marks
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Investing in the Stock Market - The Wonders of Compounding
One dollar invested in the s and p 590 years ago would have grown to roughly eight thousand dollars to day. Most of the returns in stocks are concentrated in sharp bursts, beginning in periods of great pessimism or fear as we saw most recently in the 20 20 pandemic decline. We believe time, not timing, is the key to building wealth in the stock market.
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