The Memo by Howard Marks cover image

Nobody Knows (Yet Again)

The Memo by Howard Marks

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Navigating Uncertainty in Investment Decisions

This chapter discusses the author's approach to investing in distressed debt during economic crises, highlighting the challenges of decision-making amidst uncertainty. It draws connections between past financial turmoil and the current COVID-19 pandemic, stressing the importance of reasoning over the desire for certainty.

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