Quote for the day

“People who doubt the existence of inefficient markets and the ability to profit from them may disagree with me. But if you think you're operating in an inefficient market like I try to do, a lot can be accomplished by getting great people, developing an effective investment approach, hunting for misvaluations, keeping psychology under control, and understanding where you are in the cycle. I am not saying that everyone should try this.”
-  Howard Marks