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Tuesday 14 January 2020

Thinking in bets (Marks)

Thinking in bets

One of life's simple pleasures is when the master Howard Marks issues a new memo, and a new one landed in the inbox this morning.

And today's subject is: Thinking in bets.

You can read the memo at Oaktree here:


Brilliantly insightful, as always, and very topical.

See here and here where we recently discussed how you can thinking of your investing as a series of repeated similar bets, to maximise your geometric returns, and therefore your wealth.