The Rewind: Ditto
The Memo by Howard Marks
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Risk and Return Today 2004 Version
Investors have fallen over themselves in their effort to get away from low-risk, low-return investments. Risk aversion is down and would-be buyers are optimistic, unafraid,. Investors are moving en masse to small asset classes. The result is an unappetizing, risk-tolerant, high-priced investment landscape.
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