Thursday, September 10, 2015

Howard Marks Memo: It's Not Easy

Link to Memo: It's Not Easy
In 2011, as I was putting the finishing touches on my book The Most Important Thing, I was fortunate to have one of my occasional lunches with Charlie Munger. As it ended and I got up to go, he said something about investing that I keep going back to: "It's not supposed to be easy. Anyone who finds it easy is stupid."