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Sea change: How to invest when cheap money is gone?
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I believe in Sea Change, no more free lunch

Time to profit from true value! The free money in past 13 years is abnormal! You need to carefully consider the quality of a stock as well as its valuation& risk!
That’s the bloody truth.
Source: Memos from Howard Marks
Source: Memos from Howard Marks
Btw,there are 3 value stocks I believe will benefit from the new trend.
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