The Rewind: Dare to Be Great
The Memo by Howard Marks
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Contrarian Long Term Investing
Staying away from text docks in the late 19 nineties meant refusing to pay ridiculously high prices. Those who moved to underweight tex stocks when they first became overpriced were on the hot seat for a long time. Contraryin investing, which is akin to tonal investing, has been behind many of the greatest successes. But that's not the same as saying all contrarian decisions are successful.
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