flâneur

you can't predict you can prepare

oaktreecapital.com · 5,669 words · saved by 3 readers

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Memo to: Oaktree Clients From: Howard Marks Re: You Can't Predict. You Can Prepare. P. Those who have been readers of my memos for any meaningful period of time know there are a few things I dismiss and a few I believe in thoroughly. The former include L. economic forecasts, which I think don't add value, and the list of the latter starts with cycles and the need to prepare for them.…

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