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USD/JPY: Solving the Fed puzzle and the possibility of 125.00

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Howard Marks is the billionaire founder of the Oaktree Capital Management, and for my money, one of the best investment writers in the business. In his book, The Most Important Thing, he relays the importance of understanding market expectations and second level thinking as follows: First level thinking says, “It’s a good company; let’s buy the stock.” Second level thinking says, “It’s a good company, but everyone thinks it’s a great company, and it’s not. So the stock’s overrated and

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