Investment risk may be a complex subject but Howard Marks has come very close to writing the definitive document on this subject. This may not become widely read but it is clearly a timeless resource for any investor who wants to dig deeply into this issue.
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The Craft of Investing
This article reveals what that craft actually is, why the low-risk road produces higher long-term returns, and how investors can build a disciplined edge that survives, and even thrives, in

