Lehman Brothers  Tyler Durden's picture  The Greatest Propaganda
Coup Of Our Time?   Tyler Durden's picture  Howard Marks: "In
The End, The Devil Always Wins"  "If I ask you what’s the risk
in investing, you would answer the risk of losing money. But
there actually are two risks in investing: One is to lose money
and the other is to miss opportunity. You can eliminate either
one, but you can’t eliminate both at the same time. So the
question is how you’re going to position yourself versus these
two risks: straight down the middle, more aggressive or more
defensive. I think of it like a comedy movie where a guy is
considering some activity. On his right shoulder is sitting an
angel in a white robe. He says: «No, don’t do it! It’s not
prudent, it’s not a good idea, it’s not proper and you’ll get in
trouble». On the other shoulder is the devil in a red robe with
his pitchfork. He whispers: «Do it, you’ll get rich». In the
end, the devil usually wins. Caution, maturity and doing the
right thing are old-fashioned