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The themes of cycles are really the only things you have to understand in order to understand everything I took away from 50 years in the markets

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Translations

“The biggest investing errors come not from factors that are informational or analytical, b...”

Howard S. Marks

“It is more important to ensure survival under negative outcomes than it is to guarantee ma...”

“Investment success doesn’t come from buying good things, but rather from buying things well”

“You can't control the environment, but you can control how you play the hand”

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