"The themes of cycles are really the…" — Howard S. Marks

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循环的主题是你必须理解的唯一事情才能理解我在市场50年中学到的一切

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Translations

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

Howard S. Marks

“Being too far ahead of your time is indistinguishable from being wrong”

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

“Risk means more things can happen than will happen ”

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