This is Howard Marks.
A few quotes...
“Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios which frequently appear downright imprudent in the eyes of conventional wisdom.”
“Memory – and the resulting prudence – always comes out the... See more
In all aspects of our lives, we base our decisions on what we think probably will happen. And, in turn, we base that to a great extent on what usually happened in the past
The Impact of Debt
“I like to say, “Experience is what you got when you didn’t get what you wanted.”
Howard Marks Quotes (Author of The Warren Buffett Way)
“To be a great investor, you must have an approach, and you have to stick to it, despite the times when it’s not working.” -Marks
Howard Marks: Luck, Risk and Avoiding Losers [The Knowledge ...
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That one is the fact that as technology and information play a bigger role in business and our lives, labor becomes less necessary
Howard Marks • Howard Marks Memo - The Winds of Change
“I don’t write to make investing easy. I write to show how hard it is so that people won’t try tricks that they can’t do.” -Marks
To sum up, many workers experienced a “timeout” during the pandemic – not working, working parttime, working from home, and/or certainly not traveling on business. For many, this may have occasioned a reset, giving them an opportunity to conclude, “You know, my career isn’t everything;
Howard Marks • Howard Marks Memo - The Winds of Change
• Many people seem to attach less importance to lifetime careers and advancement.