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Oaktree Howard Marks: Masters in Business (Audio)

Masters in Business

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The Handmaiden to Remembering History

There is a very, very consistent thing that takes place every cycle where the investor class says this prudent thing has gone on long enough. The crowd finds it very easy to buy things that have been rising for a while and very hard to buyThings that have fallen. This is herd behavior. And this is the this is the ticket to losing money.

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