Dec 6, 2022

Howard Marks on value investing

For a value investor, price has to be the starting point.  It has been demonstrated time and time again that no asset is so good that it can’t become a bad investment if bought at too high a price.  And there are few assets so bad that they can’t be a good investment when bought cheap enough.

~ Howard Marks

(as quoted by Tim Price in "The Only Thing That Matters?")



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