
The Rewind: Dare to Be Great
The Memo by Howard Marks
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The Surest Way to Achieve Superior Performance
The surest way to achieve superior performance is by investing significant amounts with individuals and firms that can be depended on for investment, skill, risk control and fair treatment of clients. When you're dealing with investments where reliable probabilities can't be assigned to the possible outcomes, make it a break at type risks. If you can get money to work with people that your experience shows you can rely on, load up. Too large a dose of caution in asset allocation can keep portfolios from out performing the norm.
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