Alpha from exploiting others' mistakes
Howard Marks argued that generating excess returns requires buying assets for less than they're worth, which is only possible when cooperating with sellers who are making mistakes.
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The story so far
DORMANT · 2 MENTIONS · 2 SHOWS
- THE INSIGHT BY OAKTREE CAPITAL
- Alpha from exploiting others' mistakes · THIS IDEA
- THE MEMO BY HOWARD MARKS
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD