A fantastic discussion about Risk... by Howard Marks of Oaktree Capital, one of the great investors of our age.
Strong recommend.
https://www.oaktreecapital.com/insights/insight-video/education/how-...
Unsurprised you read Marks’s content.
He’s the man. His memo a month or so ago that talked about discouraging the use of definitives (always, never etc) in markets was such a good read.
We can prepare for a variety of outcomes, and some are more likely than others but markets are probabilistic - they often (not always surprise us!
He’s the man. His memo a month or so ago that talked about discouraging the use of definitives (always, never etc) in markets was such a good read.
We can prepare for a variety of outcomes, and some are more likely than others but markets are probabilistic - they often (not always surprise us!