Howard Marks’ Memo Spotlights Major Shift in Investing Approach, Raises Behavioral Considerations
Steve Shu Consulting
DECEMBER 21, 2022
While I definitely oversimplify (you need to read the memo), the fuel of declining interest rates are unlikely to be a tailwind at our backs as compared to the prior 40 years. As a behavioral finance person, I see some perils of using fast, autonomous thinking and the need to try to use more slow, reflective thinking.
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