The Rewind: Us and Them
The Memo by Howard Marks
00:00
What Does the Market Know That You Don't Know?
On average, the market icue of the market is 97. It's not as high as the smartest person, but it certainly isn't any smarter than the average person. Average thinking is, in my opinion, often wrong. I'm tempted to say usually wrong. And so i think the worst thing you can do is take your advice from the market. What does the market know that you don't know?
Transcript
Play full episode
