DAILY WALL STREET WISDOM · #052
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“There are old investors, and there are bold investors, but there are no old bold investors.”
🇺🇸Howard Marks
Co-Chairman, Oaktree Capital Management
WHO SAID IT
🇺🇸 Howard Marks
Co-Chairman, Oaktree Capital Management
WHAT IT MEANS
Reckless risk-taking eventually catches up with everyone. Sustainable investing success comes from managing risk carefully over a long career, not from making aggressive bets that can blow up your portfolio.
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