Monday, September 08, 2014

Howard Marks - Risk Revisited

http://www.oaktreecapital.com/MemoTree/Risk%20Revisited.pdf

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.