The Memo by Howard Marks cover image

Behind the Memo: What Really Matters?

The Memo by Howard Marks

CHAPTER

Is Superior Investing Really Hard?

The most important thing is to be in the market for the long term and not screw it up. Everything in psychology tends to make us do the wrong thing at the wrong time. Get excited when prices are rising and you want to buy; get depressed when prices are falling and you wanting to sell. The machine is the long term success of the economy, everything else is like embroidery around the edges.

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