if anyone has difficulty staying patient, this Howard Marks story can help.
(Also, anyone who's up 100% YTD will not come back to inform you that they're down 50% or whatever when/if that happens in some future year.) https://t.co/mlAw0u29Qy
if anyone has difficulty staying patient, this Howard Marks story can help. (Also, anyone who's up 100% YTD will not come back to inform you that they're down 50% or whatever when/if that happens in some future year.) https://t.co/mlAw0u29Qy
“To be a great investor, you must have an approach, and you have to stick to it, despite the times when it’s not working.” -Marks
My friend and fellow value investor, Chris Browne, President of Tweedy Browne,describes what value investors do by telling this story. He was interviewing a new trader andafter the interview, walked them through the Tweedy Browne offices. At the elevator on theirway out, the trader commented, “At other Wall Street firms, just by walking through the... See more