Ordinary or Extraordinary?

Howard Marks (Oaktree) is on the short-list of every serious investor’s must-read list and this month’s new memo demonstrates exactly why.

In it, Marks talks about the choice that all investors must make at the outset – to be extraordinary and run the risk of massive failure, or to be ordinary and merely get by as everyone else does. In my opinion, he is leaving an option out – being ordinary and not f***ing up, thus crushing all of those who’ve failed at the extraordinary attempt, but it’s an important concept regardless.

I loved this portion and wanted to share it:

Screen Shot 2014-04-10 at 9.14.48 PM

 

Find the time this weekend to read the whole thing, this is super-important stuff from one of the world’s most successful investors.

Source:

Dare to be Great II (Oaktree)