FYI: Dare I volley back at Howard Marks, one of my investment industry idols and favorite writers?
I liked his new memo, but not as much as I’ve loved pretty much all of his other previous memos. I don’t think he’s wrong in what he’s saying, but I think he leaves some crucial things out.
The Cliffs Notes version of what he said yesterday is that now is a time to be cautious, based on how people in various asset classes are behaving. It took him an astonishing 10,849 words to say this. But he has tremendous words, the best words. Many people are saying this…
Regards,
Ted
http://thereformedbroker.com/2017/07/27/tennis-with-howard-marks/
