HOWARD MARKS ON MASTERING THE MARKET CYCLE

https://www.youtube.com/watch?v=Xbs5e5pcVYI

This is a very valuable INSIGHT from Billionaire Howard Marks 50 years of INVESTING WISDOM

He said  YOU COULD LOSE UP TO 90% OF YOUR CAPITAL (ADJUSTED FOR INFLATION) BY BUYING INTO BEST & FASTEST GROWING COMPANIES WITHOUT ANY REGARD TO THE PRICE PAID  & HOLDING THEM FOR A DECADE

AND YOU COULD ALSO MAKE LOTS OF MONEY BUYING JUNK BONDS

THE SECRET IS NOT TO OVERPAY FOR ANYTHING

THOSE WHO BOUGHT DUTCHLADY AT RM76.00 OR ANYTHING AT PEAK PRICES DURING HOT BULL RUN TIME WILL LATER LOSE A LOT OF THE CAPITAL

Regards

Calvin Tan Research