Howard Marks: Avoiding All Losses Can Render Success Unachievable Almost As Readily As Can The Occurrence Of Too Many LossesThe Acquirer's Multiple
In his 2014 memo – Dare To Be Great, Howard Marks says successful investing includes dealing with some losses saying:
“To succeed at any activity involving the pursuit of gain, we have to be able to withstand the possibility of loss. A goal of avoiding all losses can render success . . .
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