Lessons From 30 Years as a Value Investor | Steve Romick
Excess Returns
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The Importance of Saying 'I Don't Know'
In this chapter, they discuss the importance of being able to say 'I don't know' as an investor. They reflect on the recent increase in rates and acknowledge that nobody truly knows what will happen next. They highlight the tendency for someone to be praised for getting it right once, but not necessarily being able to replicate that success.
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