Another wonderful memo from Howard Marks of Oaktree Capital

There are a few points that I forced my whole team to adhere to:

  • Most Great Investments begin in discomfort
  • You have to give yourself a chance to fail
  • You miss 100% of the shots you don’t take

and see this snippet below that perfectly encompasses the balance of investing well:

hwmarksoaktreeSource: Oaktree Capital


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