Tag: howardmarks

“When I first went to work at Citibank in 1968, they had a slogan “Scared Money Never Wins”

It’s important to play judiciously, to have more successes than failures,and to make more on your successes than you lose on your failures.

But it’s crippling to have to avoid all failures, and insisting on doing so can’t be a winning strategy.It may guarantee you against losses , but its likely to guarantee you against gains as well.”-Howard Marks