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TIP497: Lessons from Billionaire Howard Marks
We Study Billionaires - The Investor’s Podcast Network
The Sixth Key Influence
Many of the best investors will slightly underperform in bull markets, but outperform in bear markets. This requires setting one's ego aside and knowing that it's unlikely for anyone to continuously beat the market year after year after year. Marks ended this section of his book by stating quote, the desire for more, the fear missing out, the tendency to compare against others, the influence of the crowd, and the dream of the sure thing are near universal.
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