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• Many people seem to attach less importance to lifetime careers and advancement.
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
“Well bought is half sold.”
Howard Marks, Paul Johnson • The Most Important Thing Illuminated
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 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
The bottom line for me is that forecasts can’t be right often enough to be worthwhile.