Top decile returns require nonconsensus portfolios
The host cited Howard Marks's thesis that to achieve top-decile performance, a portfolio must be different from the crowd, as consensus prudence trained by market mimicry is the enemy of superior long-term results.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.