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Howard Marks: The Seven Worst Words in the World
- yarapavan 8y agoSummary of the new Howard Marks letter: "equities are priced high but not extremely high" + PE is terrifying. “I tell my students real estate has ten-year cycles, but luckily bankers have five-year memories.” “Too much money chasing too few deals.” https://t.co/Q8zHCvX5oQ https://t.co/Q8zHCvX5oQ