
The Rewind: Dare to Be Great II
The Memo by Howard Marks
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The Importance of Unconventional Behavior in Investing
Active management strategies demand uninstitutional behavior from institutions. Successful investing requires the ability to look wrong for a while and survive some mistakes. Investors operating under harsh scrutiny and unstable working conditions can have a harder time doing this than others. Not everyone can answer these questions in the affirmative, but those who believe they can should take a chance on being great.
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