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Customer Quote by Howard Marks

“There are old investors, and there are bold investors, but there are no old bold investors.” quote by Howard Marks
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““There are old investors, and there are bold investors, but there are no old bold investors.””

Howard Marks

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.

Key Takeaway

Balance experience with calculated risk.

Themes

investment experience boldness

Mood

analytical cautious

Type

financial philosophical

When to use this quote

  • stock market
  • venture capital
  • career decisions

Key Concepts

risk management behavioral finance

Questions to Reflect On

  • How do you blend experience with risk?
  • When is caution more valuable?
A Different Perspective

Overemphasis on boldness can ignore wisdom.

4.8 out of 5 (3 ratings)

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