Howard Marks Sees a Major Disconnect Between the Rally and Reality
Marks: “People are traumatized, and not just because of the performance of their stocks. Everybody’s life is hugely changed.”
by Chad Stone | Apr 21, 2020 | Investing
Marks: “People are traumatized, and not just because of the performance of their stocks. Everybody’s life is hugely changed.”
by Chad Stone | Feb 26, 2020 | Investing
Marks: "Can I strap myself in and stick around for ten years regardless of what happens?"
by Eugene Townes | Jan 14, 2020 | Investing
Marks: Success in investing doesn’t come from buying good things, but from buying things well.
Marks: "So I don’t think current conditions in the U.S. call for negative rates. But that doesn’t rule them out."
“Ten years later, do you want to cut rates to extend an economic expansion which is the longest in history?"
Marks: “We generally don’t stimulate the economy after 10 good years.”
Marks said we should instead be asking why the Federal Reserve is cutting rates.
Marks: People who think things can and will only get better are setting themselves up for monumental failure.
Ignoring the need to understand “unnatural” returns can lead to a lot of hurt.
Superior investors learn to exploit the pendulum of investor psychology as it swings between flawless and hopeless.
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