Сезонное

Почистил и убрал хлебопечную машину. Потому что нувыпонели.

Memos from Howard Marks

One of the best cautious institutional investors of our time (IMHO) likes sharing his opinions and observations. One can go back and see what he wrote before and after major and minor crises and see how it panned out.

Most recent memo is "Which Way Now?" and does a good job of summarizing the best and worst cases for the future.