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Howard Marks yesterday released his latest memo to clients of Oaktree Capital.
It is titled “Few Losers, or More Winners?”
It’s an insightful take on how a proper choice between the two approaches of investing – one with the aim to minimise losses, and the other to maximise gains – is the path to achieve good investment results over the long run.
I have prepared some notes on the memo. Click here to read my notes.
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With respect,
– Vishal
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