As one of the founders of a leading private investment firm, the author, Marx, summarizes his investment experience in the past years and finishes this book, explaining his investment philosophy on the basis of the memorandum to his customers. He details the concepts such as reflection on the 2nd dimension, the relationship between price and value, patient opportunism and defensive investments. He makes open and honest analysis on the decisions that he has made, both right and wrong, providing valuable lessons and experience for readers on critical thinking, risk assessment and investment strategies.
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