1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Canadian Value
Canadian Value
Articles (4623) 

Howard Marks - Great Investors Are Characterized by Exceptionally Low Levels of Loss

April 12, 2013 | About:
Howard Marks thinks that the great accomplishment in investing is not making a lot of money, but it is making money with less than commensurate risk.

Interesting that we would likely characterize Warren Buffett this way, which makes sense given that Buffett's Investing rule No.1 is, "Don't lose money."

Marks thinks that great investors are really characterized by exceptionally low levels of loss and infrequency of bad years. He believes short-term performance is an imposter as the investment business is full of people who got famous for being right once.

You can be right once through nothing but luck.



About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 4.7/5 (15 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


DBrizanUSA Holdings 27Jul2016
DBrizanCDN watch 27Jul2016
DBrizanCDN 27Jul2016
pbarker46Some ideas
DANGORDONROE AND ROC 7-28-16
DANGORDONPEG 7-28-16
cpetrouWeiss dividend
tvmap267FDA SHORTS
tvmap267SHORT.
pbarker46O'Shaughnessy

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK