Customer Quote by Howard Marks
““There are old investors, and there are bold investors, but there are no old bold investors.””
About This Quote
Source Speech: 2015 Annual Letter to Investors
Investors can be old, bold, but rarely both; experience and daring rarely coincide.
In simple terms: Old and bold rarely mix.
Balance experience with calculated risk.
Themes
Mood
Type
When to use this quote
- stock market
- venture capital
- career decisions
Key Concepts
Questions to Reflect On
- How do you blend experience with risk?
- When is caution more valuable?
Overemphasis on boldness can ignore wisdom.