What Really Matters?

In his latest memo, Howard Marks weaves together some of the
themes he’s explored in 2022 to explain what he believes really
matters in investing and what doesn’t. He discusses the
disadvantages of short-term thinking, the difference between
volatility and risk, and the one word he believes defines the
essence of investment excellence.


The memo is read by LJ Ganser.


You can read the memo here ( ).