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Acquired cover image

Howard Marks & Andrew Marks: Something of Value

Acquired

NOTE

Knowledge and Skill Advantages in Investing

In today's fast-paced world of information availability, making money from readily accessible data is challenging as it's a zero-sum game. To succeed in investing, one must possess a knowledge or skill advantage over others. Merely recognizing a company as good is insufficient; one must also assess if the market price reflects its potential. Successful investing relies on foreseeing a company's future prospects and evaluating if the market already prices in this information.

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