Howard Marks

The "Exit" Problem

"The collective wisdom of market participants is generally 'right' during the middle of a market advance but 'wrong' at market peaks and troughs..."

No Risk Of Recession?

"Whether it is a mild, or 'massive', recession will make little difference to individuals as the net destruction of personal wealth will be just as damaging. Such is the nature of recessions on the financial markets."

Visualizing How Billionaire Investors Hedge Against Geopolitical Black Swans

"The world is approaching a major inflection point and the intense amount of global angst we’re experiencing now stems from deep, structural forces that have been building over decades... we are experiencing the perfect storm of '-isms': nationalism, nativism, protectionism, and isolationism."

Howard Marks Warns "Nobody Knows What Will Happen"

"Maybe that’s what people are thinking in today’s stock market: 'It will continue to go up, but I will get out in time'... People overestimate their ability to get out in time. Who will be there to buy when everyone wants to sell? That’s wishful thinking."

Comparing Bitcoin, Ether, & Other Cryptos

Unless you’ve been hiding under a rock, you’re probably aware that we’re in the middle of a cryptocurrency explosion. However, even with the excitement and action that comes with the space, a major problem still exists for the layman: it’s really challenging to decipher the differences between cryptocurrencies like Bitcoin, Ethereum, Ethereum Classic, Litecoin, Ripple, and Dash.