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Howard Marks: Avoiding All Losses Can Render Success Unachievable Almost As Readily As Can The Occurrence Of Too Many Losses

In his 2014 memo – Dare To Be Great, Howard Marks says successful investing includes dealing with some losses saying:

Q3 hedge fund letters, conference, scoops etc

“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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