Howard Marks: Have an Approach and Hold it Strongly
Courtesy of Joshua M Brown
In this brand new video clip from the Manual of Ideas, Howard Marks makes the important point that investors need to do the following:
a) Have an approach
b) Hold it strongly
c) Accept that, no matter what, there will be times where your approach doesn’t work
d) Work within your own skill set and personality, not someone else’s
Easy to say, tough to do in real life. Especially when there are clients’ expectations to manage.
