"One of the most fundamental points…" — Howard S. Marks

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最基本的观点之一是，不论价格如何，没有好坏之分的想法。

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Translations

“The real test in investing is not the ability to say who will be in favor in the future or...”

Howard S. Marks

“The themes of cycles are really the only things you have to understand in order to underst...”

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

“You can't control the environment, but you can control how you play the hand”

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