Howard Marks LIVE (Replay) with Barry Ritholtz (Podcast)
Masters in Business
00:00
How to Avoid Using the Word Timing
"We sometimes have a sense for what's going to happen. We never know when," he says. "I think we can know something about the odds, but that doesn't mean we're going to be right or we'll be right right away." Asset selection means trying to hold more of the things that will do better and less of theThings that will do worse,. And cycle positioning means trying to have more of your capital invested in areas where the odds are favorable.
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