Behind the Memo: Bull Market Rhymes
The Memo by Howard Marks
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What Does That Make It Worth?
In bull markets, that's ignored. Technological innovations really do move society forward. But they may not perform as well as expected. So it all comes down to what i call insight. And the people who, on average, are more successful are the people with better insight. It's another example of how, in some ways, investing keeps getting harder.
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