The Memo by Howard Marks

The Rewind: Dare to Be Great II

22 snips
May 5, 2021
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INSIGHT

Dare to Be Different

  • Daring to be different and wrong is key for investment success.
  • Conventional behavior limits potential outperformance.
ANECDOTE

Post-Lehman Investments

  • After Lehman Brothers' collapse, Howard Marks' firm aggressively bought assets.
  • This contrarian move, questioned by many, proved highly successful.
ADVICE

Embrace Discomfort

  • Embrace discomfort in investing; the best opportunities arise from contrarianism.
  • Discomfort signals divergence from the herd, indicating potential value.
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