Economic TimesLean R·
Quote of the day by Howard Marks: "Memory – and the resulting prudence – always comes out the loser when pitted against greed"
Howard Marks’ quote highlights how greed can overpower investors’ memories of past market downturns. Rising prices, optimism and fear of missing out can weaken prudence, making disciplined risk assessment and lessons from previous cycles easier to overlook.
Read at Economic Times →
