Howard Marks: "Accept Reality... Lower Your Expectations"

Two minutes of rational thinking in the world of irrational omnipotence in which we live. Howard Marks explains that we’re in a low return world. Refuse to recognize that and demand traditional returns, without recognizing that the market simply may not accommodate you, at your own risk - "The market is not an accommodating machine... it will not 'give' you consistently high returns. Blindly accepting more risk to get the returns you 'expect' or 'deserve' is a big mistake."



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