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DAILY WALL STREET WISDOM · #053
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Skepticism and pessimism aren't synonymous. Skepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive.
🇺🇸Howard Marks
Co-Chairman, Oaktree Capital Management
WHO SAID IT

🇺🇸 Howard Marks

Co-Chairman, Oaktree Capital Management

WHAT IT MEANS

True critical thinking means going against the prevailing mood in either direction. A skeptic questions both euphoria and despair, buying when fear is overdone and selling when greed takes over.

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