I Beg To Differ
The Memo by Howard Marks
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Contrarianism - The Key to Investment Success
Investors face likely failure unless a thoughtful set of investment principles under girds the courage, writes illu. In his two thousand book p neering portfolio management, David swenson explained why investing institutions are vulnerable to conformity with current consensus belief and should instead embrace contrarianism. Just cause no one else will jump in front of a macke truck barrelling down the highway doesn't mean that you should," he says.
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