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TIP497: Lessons from Billionaire Howard Marks
We Study Billionaires - The Investor’s Podcast Network
Investing in Cycles
People in human emotions are a big driver of cycles. Optimism is followed by pessimism. Companies rise and companies fall. When things seem too good to be true, they usually are. The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.
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