“There’s only one way to describe most investors: trend followers. Superior investors are the exact opposite. Superior investing, as I hope I’ve convinced you by now, requires second-level thinking – a way of thinking that’s different from that of others, more complex and more insightful.”

“There’s only one way to describe most investors: trend followers. Superior investors are the exact opposite. Superior investing, as I hope I’ve convinced you by now, requires second-level thinking – a way of thinking that’s different from that of others, more complex and more insightful.”

— Howard Marks