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Oaktree Howard Marks: Masters in Business (Audio)

Masters in Business

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The Angel on One Shoulder Says, Don't Do It

In 0708, it was as if 2000 had never happened. Well, all of six years had passed. But the point is that this dismissal of the past has helpers and handmaidens. In 06, it looks like if you're merely willing to disregard the lessons of the past and and plunge in, you can get rich. And what do people want more than anything else? You know, those more movies about Las Vegas with the angel on one shoulder saying, don't do it. It's too good to be true. The market risk is elevated. But on the other side, the devil sitting there and he says,Do it. It'll get rich. Who is that devil

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