In the recent memo by Howard Marks at Oaktree contains a very powerful insight into what it takes to beat market as an investor.

If you do follow the tips and hints from your broker or blogs for investments blindly, you will recognise that the first-level thinking Marks refers to is as endemic and as it is useless.

Aziz Dodhiya is the chief investment officer for the Valueoperations funds and co-founder of Valueoperations business.

To read the whole memo please click on the link below.

It’s Not Easy