Market Bottom

topic on 1 show · 1 statements across 1 episodes

20VC

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20VC Insight
Howard Marks: Waiting for market bottoms is cover for inaction
“Oak Tree rejects the concept of waiting for the bottom. It's impossible, intellectually, to know when you're at the bottom. And I think that terms like, don't catch a falling knife, and wait for the bottom, are cover for inaction during crisis.”
Howard Marks Mar 30, 2020 ▶ 19:39 20VC: Howard Marks on How COVID-19 Impacts Our Economy, Liquidity and National Debt, Why The Theory of Falling Knives and Market Bottoms is Wrong & Why The Best Investors Are Fundamentally Unemotional

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