Money and Finance
“The greatest risk doesn’t come from low quality or high volatility. It comes from paying prices that are too high. This isn’t a theoretical risk; it’s very real.” –Howard Marks, The Most Important Thing Illuminated
- Howard Marks Quote (understanding Uncertainty)
“Risk and uncertainty aren’t the same as loss, but they create the potential for loss when things go wrong. Some of the biggest losses occur when overconfidence regarding predictive ability causes investors to underestimate the range of possibilities,...
- Howard Marks Quote (risk)
“Great investing requires both generating returns and controlling risk. And recognizing risk is an absolute prerequisite for controlling it. Hopefully I’ve made clear what I think risk is (and isn’t). Risk means uncertainty about which outcome...
- Howard Marks Quote (risk And Psychology)
“The most dangerous investment conditions generally stem from psychology that’s too positive. For this reason, fundamentals don’t have to deteriorate in order for losses to occur; a downgrading of investor opinion will suffice. High prices often...
- Excerpt From The Most Important Thing Illuminated - By Howard Marks
Combating Negative Influences By Howard Marks, Author of The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor People who might be perfectly happy with their lot in isolation become miserable when they see others do better....
- Howard Marks On Skill-based Value Added
Howard Marks quote from July 2002, but probably just as valid in today’s environment (I also posted this last night on Twitter): “More than ever, I think non-market-derived, skill-based value added – that is, alpha, not beta – will hold the key...
Money and Finance
Howard Marks quote (risk and high prices)
“The greatest risk doesn’t come from low quality or high volatility. It comes from paying prices that are too high. This isn’t a theoretical risk; it’s very real.” –Howard Marks, The Most Important Thing Illuminated
- Howard Marks Quote (understanding Uncertainty)
“Risk and uncertainty aren’t the same as loss, but they create the potential for loss when things go wrong. Some of the biggest losses occur when overconfidence regarding predictive ability causes investors to underestimate the range of possibilities,...
- Howard Marks Quote (risk)
“Great investing requires both generating returns and controlling risk. And recognizing risk is an absolute prerequisite for controlling it. Hopefully I’ve made clear what I think risk is (and isn’t). Risk means uncertainty about which outcome...
- Howard Marks Quote (risk And Psychology)
“The most dangerous investment conditions generally stem from psychology that’s too positive. For this reason, fundamentals don’t have to deteriorate in order for losses to occur; a downgrading of investor opinion will suffice. High prices often...
- Excerpt From The Most Important Thing Illuminated - By Howard Marks
Combating Negative Influences By Howard Marks, Author of The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor People who might be perfectly happy with their lot in isolation become miserable when they see others do better....
- Howard Marks On Skill-based Value Added
Howard Marks quote from July 2002, but probably just as valid in today’s environment (I also posted this last night on Twitter): “More than ever, I think non-market-derived, skill-based value added – that is, alpha, not beta – will hold the key...