The Minutes of Howard Marks on competition https://minutesof.com/howard-marks/on/competition/ Everything Howard Marks has said on competition: 2 verbatim quotes from February 2026, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:28 +0000 Marks questions whether AI savings will accrue as profits or be competed away through lower prices. https://minutesof.com/q/538f76b7-6853-4262-9a53-f082056d956f/ https://minutesof.com/q/538f76b7-6853-4262-9a53-f082056d956f/ “To whom will the savings accrue? If different companies are competing to provide the AI service, maybe they'll compete on price to the point where it's not profitable for them.” — The Investor’s Podcast Sat, 21 Feb 2026 22:45:03 +0000 competition Marks suggests AI savings may accrue to consumers through price competition rather than to company profits. https://minutesof.com/q/45757099-7e4d-47d4-8b48-eb34bc6ce2c0/ https://minutesof.com/q/45757099-7e4d-47d4-8b48-eb34bc6ce2c0/ “If different companies are competing to provide the AI service, maybe they'll compete on price to the point where it's not profitable for them.” — The Investor’s Podcast Sat, 21 Feb 2026 22:45:03 +0000 competition