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A Tale of Two Extremes

“I believe it is highly possible to improve your long-term results by adjusting your investment position at the extremes of the cycle. Not that often. But at the extremes.” — Howard Marks

Chart of the Day

Good morning!

This is an unusual market environment. Investors are playing both offense and defense. 

The latest example comes as two completely opposite investing strategies are becoming popular in tandem, further driving home the point that these aren’t normal times. We break it ...

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