In 2024, a second Howard Max memo came out.목은목性 imperative of risk목은목性 imperative of risk->It’s a battle against profit and loss. Invest only in moments when you can take risks rather than avoiding risks that you don’t lose from the beginning.->It’s a battle against profit and loss. Invest only in moments when you can take risks rather than avoiding risks that you don’t lose from the beginning.This is the original text link.imperative nature of risk imperative nature of risk You can often understand what you are interested in through simulations that reveal by establishing a connection with the rest of your life.That’s why I’ve written a note comparing investing in sports at each time of 40 years… www.oaktreecapital.comimperative nature of risk imperative nature of risk You can often understand what you are interested in through simulations that reveal by establishing a connection with the rest of your life.That’s why I’ve written a note comparing investing in sports at each time of 40 years… www.oaktreecapital.comimperative nature of risk imperative nature of risk You can often understand what you are interested in through simulations that reveal by establishing a connection with the rest of your life.That’s why I’ve written a note comparing investing in sports at each time of 40 years… www.oaktreecapital.com