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The Memo by Howard Marks — Ruminating on Asset Allocation
Not scored yet26m·2024-10-22·Money

Ruminating on Asset Allocation

The Memo by Howard Marks · 64

In his latest memo, Howard Marks outlines the need to base asset allocation decisions around an established risk target. He describes the fundamental differences between ownership and debt, as well as the importance of finding the combination of the two that gets an investor’s portfolio to the desired position on the…

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