"Experience is what you got when you…" — Howard S. Marks

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Translations

“The future is inherently unforecastable, the nature of investing is that the decisions you...”

Howard S. Marks

“One of the most fundamental points is that there's no such thing as a good or bad idea reg...”

“You must strike a reasonable balance between risk and return”

“When things are going well, it’s hard to imagine that they could ever go poorly. And whe...”

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