This is Howard Marks.
“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)
family and quality of life count for more. I’m going to reorient my life and put less emphasis on work.”
Howard Marks • Howard Marks Memo - The Winds of Change
it did in the past. And investments made on the assumptions that tomorrow will look like yesterday must be subject to vastly increased scrutiny.
Howard Marks • Howard Marks Memo - The Winds of Change
“I believe it is highly possible to improve your long-term results by adjusting your investment position at the extremes of the cycle. Not that often. But at the extremes.” -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
Howard Marks's Book Recommendations
kevinrooke.com
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
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