Links - 01/09/2024
“When money is easy, few people opt to sit out the dance…. When faced with the choice between (a) maintaining high standards and missing deals and (b) making risky investments, most people will choose the latter. Professional investment managers especially may fear the consequences of idiosyncratic behavior that’s bound to look wrong for a while. Abstaining demands uncommon strength when doing so means departing from herd behavior.” —Howard Marks
Howard Marks Memo: Easy Money (Memo, Podcast)
Boyar Research’s flagship Forgotten Forty publication was recently released (it contains Boyar’s 40 best catalyst driven stock ideas for the year ahead and is something I personally look forward to receiving each year). For more information on the Forgotten Forty and to download sample reports from this year’s issue, please click here.
Mohnish Pabrai’s Q&A at Clemson University - Wall Street South Investment Club (November 13, 2023) (Video, Podcast)
Fundsmith 2023 Annual Letter [H/T @mastersinvest] (LINK)
