The Rewind: Uncertainty
The Memo by Howard Marks
00:00
Investing Scared
All great investments begin in discomfort, since the things everyone likes and feels good about are unlikely to be on the bargain counter. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably dio syncratic portfolios which frequently appear downright imprudent in the eyes of conventional wisdom. To do better than most, you have to depart from the crowd. When does reason based confidence turn into huberous and obstinateness? That's the key question.
Transcript
Play full episode
