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TIP497: Lessons from Billionaire Howard Marks
We Study Billionaires - The Investor’s Podcast Network
The Efficient Market Hypothesis
Since the market is largely efficient, it makes investing really difficult. But there are so many efficiencies for us to have the opportunity to find them and beat the market average as well. Given that markets are widely efficient, when you make a purchase based on mispricings in the market, we should consider the following questions: Why should a bargain exist despite the presence of thousands of investors who stand ready and willing to bid up the price of anything that's cheap?
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