I love the following parable that Howard Marks included at the end of his latest memo.
TL:DR 😉
Buying gold (GLD);
Happy New Year Everyone! It’s good to be back after taking a couple weeks off. I…
It might seem counterintuitive to some, but the best time to buy stocks is during a downturn. And it’s no secret that the markets have been getting hammered for about a month now. My portfolio is down 11% from its September 28th high. That…
[In a Shakespearean tone]
These days, I have a lot of conversations about pricing strategy in the early days of company building. And it seems…