Every generation of investors has its darlings… by Tim Price

“Facts do not cease to exist because they are ignored.” – Aldous Huxley. There’s a telling quotation in Howard Marks’ latest memo to clients (highly recommended, as always): We established long-term relationships with many important strategic partners, including America Online, Yahoo , Excite, Netscape, GeoCities, AltaVista, @Home and Prodigy. It’s…