Thursday, May 23, 2024

Coping with the Unknown Dangers in Life and Investing


On this planet of investing, threat is an ever-present companion. We spend numerous hours analyzing information, learning market traits, and crafting meticulous methods to mitigate recognized dangers. But, because the legendary investor and co-founder of Oaktree Capital, Howard Marks, as soon as famously acknowledged –

Threat is what’s left over after you assume you’ve considered all the pieces.

This sentiment is a stark reminder that within the unpredictable world of investing, there are all the time unknown and sudden dangers lurking within the shadows.

Right this moment, I share with two compelling tales informed by Marks and one other famous investor Joel Greenblatt, to make clear the significance of acknowledging the existence of those hidden risks and surprises, particularly when you find yourself certain that no such surprises exist.

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