"The correctness of a decision can’t be judged from the outcome. Nevertheless, that’s how people assess it. A good decision is one that’s optimal at the time it’s made, when the future is by definition unknown. Thus, correct decisions are often unsuccessful, and vice versa."
- Howard Marks, The Most Important Thing: Uncommon Sense for the Thoughtful Investor
- Howard Marks, The Most Important Thing: Uncommon Sense for the Thoughtful Investor
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