Selling Out

Howard Marks’s latest memo considers one of investing’s most fundamental questions: when to sell. Howard explains that it’s foolish to sell because prices are up and because they’re down – and why, most of the time, staying invested is ultimately “the most important thing.”
You can read the memo here (oaktreecapital.com/insights/memo/selling-out) (oaktreecapital.com/insights/memo/selling-out).
The memo is read by LJ Ganser.