“The correctness of a decision can’t be judged from the outcome. Nevertheless, that's how people assess it. A good decision is one… — Howard Marks Decision making Copy Share Image
“A high-quality asset can constitute a good or bad buy, and a low-quality asset can constitute a good or bad buy. The… — Howard Marks Investing Copy Share Image
“There’s a big difference between probability and outcome. Probable things fail to happen—and improbable things happen—all the time.” That” — Howard Marks Copy Share Image
“It's worth noting that the assumption that something can't happen has the potential to make it happen, since people who believe it… — Howard Marks Copy Share Image
“If you've settled on the value approach to investing and come up with an intrinsic value for a security or asset, the… — Howard Marks Cybersecurity Copy Share Image
“No asset class or investment has the birthright of a high return. An asset is only attractive if it’s priced right.” — howard marks Investing Copy Share Image
“Most people strive to adjust their portfolios based on what they think lies ahead. At the same time, however, most people would… — Howard Marks Copy Share Image
“We conclude that most of the time, the future will look a lot like the past, with both up cycles and down… — Howard Marks Investing Copy Share Image
“This paradox exists because most investors think quality, as opposed to price, is the determinant of whether something's risky. But high quality… — Howard Marks High quality Copy Share Image
