I wonder if with development of AI that knows about all, that all this would have any relevance. Simply because more and more buy/sell decisions will be made by emotionless “brain” hence less and less volatility.
HI. thanks for the great point. We already have algorithms to buy and sell based on quantitative metrics. AI is powerful and will be widely used by financial firms. However, "the human sentiment", and the "irrational exuberance" will still be part of the market mix. Prices will always include a degree of pessimism or optimism because we buy and sell not only based on current conditions but future expectations. When I hear that investing is more an art than a science, I can hardly disagree. Enjoy your investment journey.
I feel you. I took some notes from his book titled "Mastering the Market Cycles", where he goes deeper on the subject: sweatyourassets.biz/mastering-market-cycles-by-howard-marks/
You can download the PPT for free on my blog page: sweatyourassets.biz/freebies/
Howard Marks is a gem of an investor.
Howard Marks, quoting Mark Twain: It is not what you don't know that gets you into trouble. It is what you know for certain that just ain't so.
Absolutely right
Amazing and insightful lecture. Worth every second spent listening it.
Thanks for your positive feedback.
Truly a master class
Very good video
Good job!
Thanks!
Simplest ideas are hardest to understand.
Thank you Howard for your wisdom and to this site for uploading. Every slide is important. To be watched and rewatched ad-infinitum. Wisdom distilled.
Definitely a great distillation of his best stuff.
Wow great video keep it up
thank you for the warm support!
Amazing lecture. Nice summary for those who have read his books or for those who haven’t. Do we know the date when this was presented by Mr. Marks?
Hi Ivan, thanks for the positive feedback. The lecture was presented in 2019.
I need to work just on living in the now present!
Great information!
Is there a way to download these slides?
Download the PPT used in the TH-cam Video here: sweatyourassets.biz/freebies/
When is this from?
2019.
I wonder if with development of AI that knows about all, that all this would have any relevance. Simply because more and more buy/sell decisions will be made by emotionless “brain” hence less and less volatility.
HI. thanks for the great point. We already have algorithms to buy and sell based on quantitative metrics. AI is powerful and will be widely used by financial firms. However, "the human sentiment", and the "irrational exuberance" will still be part of the market mix. Prices will always include a degree of pessimism or optimism because we buy and sell not only based on current conditions but future expectations. When I hear that investing is more an art than a science, I can hardly disagree. Enjoy your investment journey.
werid, he keep trying to time the market while keep telling people they shouldn't.
I feel you. I took some notes from his book titled "Mastering the Market Cycles", where he goes deeper on the subject: sweatyourassets.biz/mastering-market-cycles-by-howard-marks/