
The Rewind: Ditto
The Memo by Howard Marks
What Is the Value of an Asset?
Howard Wolfson: The most important thing for us is to understand the value of what an asset is worth. He says people get confused between the value and when it's traded in the markets, the price. "Price trading sometimes trades 50% higher and often trades 50% below," he adds. 'You want to be the one who has the superior knowledge'
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