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Howard Marks Discusses the Interest-Rates Machine

Masters in Business

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The Contrarian Way of Thinking

The market just doesn't go straight up or straight down. If you have a bad January, so what? It's one month. When they put stuff on sale, people sell when they should be buying. That's the opposite of letting the market tell you what to do. And believe me, in the long run, it pays off better.

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