Howard Marks: The Most Important Thing Is To Be Ready To Respond To And Take Advantage Of Declines | Value Investing News

Howard Marks: The Most Important Thing Is To Be Ready To Respond To And Take Advantage Of Declines

  • Here’s a summary of the memo:
  • Bear case: Unemployment goes to 20%+.
  • Everything does NOT go back to normal before at least a year or two, and in the meantime, there is a huge demand shock.
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