Howard Marks LIVE (Replay) with Barry Ritholtz (Podcast)
Masters in Business
00:00
What Causes Great Bought Assets?
The trouble with selling when a market has been rising for several months or years comes from the fear that it will continue to rise and you'll miss out. FOMO is very challenging, but I don't know if it's any easier on the way down. What causes assets to sell too cheap? Error. When prices go up, people get excited and buy; when things go down, people get depressed and sell.
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