Gurus
New Memo from Howard Marks: Uncertainty II
True expertise is scarce and limited in scope. Howard Marks’s Uncertainty II — a postscript to his recent memo Uncertainty — explains why we should be careful about the “experts” we listen to and the weight we assign to their pronouncements.
https://www.oaktreecapital.com/docs/default-source/memos/uncertainty-ii.pdf
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