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2min chapter
Mr. Market Miscalculates
The Memo by Howard Marks
The Illusion of Financial Memory and Investor Euphoria
This chapter explores how financial memory affects investment decisions, revealing that investors often overlook past errors due to optimism. It underscores the malleable nature of market behavior driven by investor psychology, showcasing how euphoria can lead to irrational strategies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode