Links - 09/07/2023
“In heady times, capital is devoted to innovative investments, many of which fail the test of time. Bullish investors focus on what might work, not what might go wrong. Eagerness takes over from prudence, causing people to accept new investment products they don’t understand. Later, they wonder what they could have been thinking.” —Howard Marks (December 2007)
No other investor has a life story quite as unbelievable as Li Lu (LINK)
Learning from LVMH’s Bernard Arnault (LINK)
Even If You Knew The Future - by Ian Cassel (LINK)
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