Dear Superinvestor Bulletin Follower,

Howard Marks just released a presentation that is well worth spending the time to read through:

www.superinvestorbulletin.com/2017/04/14/howard-marks-the-truth-about-investing/

Image: CNBC

Here are a couple of quotes from the presentation that are my personal favorites:

"Sometimes there are plentiful opportunities for unusual return with less-thancommensurate risk, and sometimes opportunities are few and risky. It's important to wait patiently for the former. When there's nothing clever to do, it's a mistake to try to be clever."

"Over the last few decades, investors' timeframes have shrunk. They've become obsessed with quarterly returns. In fact, technology now enables them to become distracted by returns on a daily basis, and even minute-by-minute. Thus one way to gain an advantage is by ignoring the "noise" created by the manic swings of others and focusing on the things that matter in the long term."

At the Superinvestor Bulletin we focus only on the investment decisions of the world's top investors. Investors who over long periods of time have proven that they can beat the market.

By piggybacking on the stock picks of these great investors to date the average position in the Superinvestor Bulletin portolio has beaten the S&P 500 by more than ten percent.

You can take a free two week trial of our service and see how we have put together this track record to date:

seekingalpha.com/author/superinvestor-bulletin/research

Have a great weekend,

Reese Morgan

Editor, The Superinvestor Bulletin