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The Memo by Howard Marks
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The Rewind: On The Couch

1 tim 14 min•30 september 2021

Howard reflects on this memo originally published on January 14, 2016. In the first of a two-part series, he analyzes investors’ irrationality and discusses why things that are obvious in investing are usually wrong.

You can read the memo here (https://www.oaktreecapital.com/docs/default-source/memos/on-the-couch.pdf).

The memo is read by LJ Ganser.

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