Howard Marks LIVE (Replay) with Barry Ritholtz (Podcast)
Masters in Business
00:00
The Psychology of Value Investing
Investing is a funny area because it's really easy to be average. But for a professional like myself or Dave Swenson, being average is not what we seek. We seek to be above average. This may shock you, but professional investors do it for the money and they hope to be paid highly. The prices of assets vary very significantly from intrinsic value from time to time.
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