47sec snip

The Memo by Howard Marks cover image

Behind The Memo: The Impact of Debt with Howard Marks and Morgan Housel

The Memo by Howard Marks

NOTE

Endurance Over Urgency

Success often hinges on the willingness to operate below maximum potential in favor of long-term growth and endurance. Notable figures, exemplified by Buffett and Munger, have embraced a strategy of steady, deliberate progress rather than hasty moves for higher, immediate returns. This approach fosters sustainable compounding over decades, which is ultimately more effective than seeking short-term gains. Balancing ambition with patience enables wealth accumulation and enduring success.

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