underscored

@underscored

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The best time to buy is when there's blood in the streets. The second best time is when everyone else is buying.

Howard Marks, Oaktree Capital Investment Memos
1w ago

The best time to buy is when there's blood in the streets. The best time to sell is when there's irrational exuberance. Most people do the opposite.

1mo ago
3quarksdaily.com
How Reform Fails

Redistricting has been mostly a wonkish, back-burner issue, briefly irritating to the public from time to time, but never before commanding the intensity of concern it does now. Right now—with huge amounts of money, political power, and public outrage all focused on gerrymandering—now is when reform can succeed.

2mo ago

The size of the opportunity is inversely proportional to how many people think it's an opportunity. If everyone believes something is a great opportunity, then by the time you get there, it's probably not.

2mo ago

Underscored — save the words that stop you in your tracks.

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