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