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Following on from the post above, This is a great read from a proven investor and author of "the most important thing". Latest letter to his investors dated 19th Jan 2016 .. https://www.oaktreecapital.com/docs/default-source/memos/what-does-the-market-know.pdf

Great intro. Read 'beat the crowd' by ken fisher and the above comments echo his. The bit about being more right than wrong and 70:30 is pretty damn good and what he calls the great humiliator (TGH) which is how the markets will try make you look like a fool especially when you get cocky. Agree on the comments about a slowdown but hopefully it…

Thanks Paul as always. Superb coverage and honest analysis. The surveys are however useless. You get like minded people giving you their opinion, which in the best of cases are all biased and quite frankly irrelevant. People read your (excellent) reports and probably have similar views to you... So a survey will only confirm what you think, not what the overall investor base believes. Good…


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