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Howard Marks Discusses the Interest-Rates Machine

Masters in Business

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What Does the Market Know?

In 2016, the market got off to its worst start in history. I wrote a memo called on the couch. And I talked about the fact that sometimes the market is nutty and needs a trip to the shrink. Sometimes the market obsesses about the positives and ignores the negatives. But you don't want to buy at the top when things are great or sell at the bottom when things are terrible. Your your investing has to come from a place of of analysis and not emotion.

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