The Rewind: Uncertainty
The Memo by Howard Marks
00:00
Investing in Uncertainty
Anyone who's sure about what's going to happen in the world, the economy or the markets is probably deceiving himself. Good poker players and good decision makers understand that they can almost never know exactly how something will turn out. intellectual humility means saying, i'm not sure. The other person could be right, or even i might be wrong. Think it's an essential trait for investors.
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