https://www.oaktreecapital.com/docs/default-source/memos/this-time-its-different.pdf
Howard Marks quotes a source saying John Templeton saying that when people say it’s different this time. They could be right in up to 20% of the time.....
I can’t find a good source aside from a reported interview in the NYT. anyone?
https://www.oaktreecapital.com/docs/default-source/memos/this-tim...
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