This is Howard Marks.
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
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
“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)
the amount of borrowed money – leverage – that it’s prudent to use is purely a function of the riskiness and volatility of the assets it’s used to purchase. The more stable the assets, the more leverage it’s safe to use. Riskier assets, less leverage. It’s that simple.
One of the main reasons for the problem today at financial institutions is that... See more
One of the main reasons for the problem today at financial institutions is that... See more