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Howard Marks LIVE (Replay) with Barry Ritholtz (Podcast)

Masters in Business

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What Would You Want to Know About the World?

Howard Marks: If I could get an accurate answer with regard to every security that I'm thinking of buying, it would be how much optimism is baked into the price. Remember that the psychology causes the price to diverge from the intrinsic value. Raise your hand if you have any questions and identify yourself by name and company.

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