Fewer Losers, or More Winners?

In his latest memo, Howard Marks discusses the essential choice
in both investing and sports: should you go for more winners or
try to eliminate losers? That is, should you emphasize
aggressiveness or defensiveness? This is a key decision that
every investor has to make thoughtfully, and the answer can be
different for each person.  


The memo is read by LJ Ganser.


You can read the memo here
(https://www.oaktreecapital.com/insights/memo/fewer-losers-or-more-winners).