This memo is the latest one written by Howard Marks who is an American investor and writer. Marks is the co-founder and co-chairman of Oaktree Captial Management. The memo is of great value for all investors. The last section is as follows:
Certainly there are times when it’s right to sell one asset in favor of another based on the idea of relative selection. But we mustn’t do this in a mechanical manner. If we did, at the logical extreme, we would put all of our ca...

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Welcome to our new column. Before we get started, we'd like to ask you a simple question: Have you ever experienced that you know the name of something but don't really know what it is? When it comes to investing, you may find yourself having some underlying knowledge blind spots. The earlier you discover and eliminate them, the better off you will be.
1. Do you know?
DCA is an investment strategy in which an investor divides up the total amount to be invested...