There are Only 2 Ways to Make Returns

Where will yours come from?

Howard Marks recently pointed out that there are only two ways to invest your money:

1. Debt

2. Ownership

Investing In Debt

When you invest in debt, you become a lender.

Lenders make money through interest payments.

They know exactly how much they'll get paid and when, but their returns are limited.

Becoming An Owner

When you buy a stock, you become an owner of a par…