Howard Marks once mentioned a fund that performed near the median return of its peers every year, but returned within the top 5% of its peers for over a decade. To compete with others every quarter and every year is an instinctive pathology that develops after a long stay in a closed system, with few resources and a risk of death at any time. People in this state of mind, a high degree of mental tension, easy to be outside the noise and temptation to disrupt their long-term plans, regardless ...

Howard Marks once mentioned a fund that performed near the median return of its peers every year, but returned within the top 5% of its peers for over a decade. To compete with others every quarter and every year is an instinctive pathology that develops after a long stay in a closed system, with few resources and a risk of death at any time. People in this state of mind, a high degree of mental tension, easy to be outside the noise and temptation to disrupt their long-term plans, regardless ...

A bull market is a constant process of selling flies! BUT - Don't be afraid to sell the fly; Don't be afraid to buy and go down in a bear market, and don't be afraid to sell and go up in a bull market; In this market you need to do anti-human nature to really earn big money, so you have to do only one thing: firm their own strategy, anti-human nature to bring you pain, the next will give you reward; Then, be thankful for the market, be thankful for all the opportunities that appear in front o...

A bull market is a constant process of selling flies! BUT - Don't be afraid to sell the fly; Don't be afraid to buy and go down in a bear market, and don't be afraid to sell and go up in a bull market; In this market you need to do anti-human nature to really earn big money, so you have to do only one thing: firm their own strategy, anti-human nature to bring you pain, the next will give you reward; Then, be thankful for the market, be thankful for all the opportunities that appear in front o...