Howard Marks - The Psychology of InvestingsteemCreated with Sketch.

in #investing6 years ago (edited)

Howard Marks identifies the time horizon and patience needed for investing. Believing you are right is one thing, but knowing when something will happen is a certain impossibility. Things can stay "wrong", overpriced, and nonsensical for a long-time when people are willing to engage in risky and imprudent behavior.

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@clumsysilverdad

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