DAILY WALL STREET WISDOM · #053
💡
“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.
contrarian