Decision making Quote by Howard Marks

“The process of intelligently building a portfolio consists of buying the best investments, making room for them by selling lesser ones, and staying clear…

— Howard Marks

“If one is approached with a deal predicated on cycles having ceased to occur, remember that invariably that’s a losing bet.”

— Howard Marks

“The last four and a half years have been carefree, halcyon times for investors. That doesn’t mean it’ll stay that way. I’ll give Warren…

— Howard Marks

“•Scepticism and pessimism aren’t synonymous. Scepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive.”

— Howard Marks

“Risk arises as investor behaviour alters the market. Investors bid up assets, accelerating into the present appreciation that otherwise would have occurred in the…

— Howard Marks

“Most people view risk taking primarily as a way to make money. Bearing higher risk generally produces higher returns...But it can’t always work that…

— Howard Marks

“HOWARD MARKS: Fear of looking wrong: Not only should the lonely and uncomfortable position be tolerated, it should be celebrated.”

— Howard Marks

“In good years, defensive investors have to be content with the knowledge that their gains, although perhaps less than maximal, were achieved with risk…

— Howard Marks

“Everything you needed to know in the years leading up to the crash could be discerned through awareness of what was going on in…

— Howard Marks

“An accurate opinion on valuation, loosely held, will be of limited help. An incorrect opinion on valuation, strongly held, is far worse. This one…

— Howard Marks

“There aren’t always great things to do, and sometimes we maximize our contribution by being discerning and relatively inactive. Patient opportunism – waiting for…

— Howard Marks

“Forgetfulness is the catalytic germ of spontaneous creativity”

— Howard marks