Howard Marks Quotes (Author of The Warren Buffett Way)
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Howard Marks Quotes (Author of The Warren Buffett Way)
“The market is rarely dead wrong. The history books are littered with people who are ‘smarter than the market’ who have lost all their money. When you’re in an investment and it’s not working out, you really need to take a step back: ‘What don’t I understand in this situation?’ If you really think you’ve resolved all the unknowns that you can possi
... See moreDavid M. Rubenstein • How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers
I want to say right here about 2008 and the other crises I’ve invested through – as well as today – that I don’t reach my conclusions with confidence or act without trepidation. There’s absolutely no place for certainty in the world of investing, and that’s particularly true at turning points and during upheavals. I’m never sure my answers are righ... See more
Howard Marks • Nobody Knows (Yet Again)
This insight lives on today in Warren Buffet’s famous adage to “be fearful when others are greedy and greedy when others are fearful.”
Ryan Holiday • The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph
For dividend investors like us, the most important insight from Marks is hidden in a chapter of his excellent book The Most Important Thing: Uncommon Sense for the Thoughtful Investor. It’s a work that won acclaim from legendary value investors Joel Greenblatt, Jeremy Grantham, Seth Klarman, and even Warren Buffett.
Tom Jacobs • How to Retire on Dividends: Earn a Safe 8%, Leave Your Principal Intact
“The market can remain irrational longer than you can remain solvent.”