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    <title>The Minutes of Howard Marks on contrarian</title>
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    <description>Everything Howard Marks has said on contrarian: 9 verbatim quotes between June 2022 and May 2026, each with a timestamp and a link to the recording it…</description>
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      <title>Marks wrote a memo titled The Limits to Negativism in October 2008 after Lehman&#x27;s bankruptcy.</title>
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      <description>“I wrote a memo in October of o eight, after the global financial after the bankruptcy of Lehman, with the title, the limits to negativism. And there is such a thing as being too negative.” — Oaktree</description>
      <pubDate>Tue, 26 May 2026 23:26:41 +0000</pubDate>
      <category>contrarian</category>
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      <title>Marks quotes trader Wally Deemer: When the time comes to buy, you won&#x27;t want to.</title>
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      <description>“And there was a guy named Wally Deemer, was an old time trader, who had some great quotes and he turned them into” — Nikhil Kamath</description>
      <pubDate>Mon, 04 May 2026 14:30:01 +0000</pubDate>
      <category>contrarian</category>
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      <title>Marks quotes Buffett: when others act less prudently, we must act more prudently in our own affairs.</title>
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      <description>“Buffett says most things best. He says, the less prudence with which others conduct their affairs, the greater the prudence with which we must conduct our own affairs.” — Brookfield</description>
      <pubDate>Mon, 23 Feb 2026 18:35:50 +0000</pubDate>
      <category>contrarian</category>
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      <title>Marks notes investors sell more when prices fall, opposite of normal behavior in every other walk of life.</title>
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      <description>“In every other walk of life, we buy more when things go on sale. In the markets, we sell more when things go on sale.” — Brookfield</description>
      <pubDate>Mon, 23 Feb 2026 18:35:50 +0000</pubDate>
      <category>contrarian</category>
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      <title>Marks quotes Swensen saying good investing requires adopting uncomfortably idiosyncratic positions.</title>
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      <description>“Dave Swenson used my favorite two word phrase that good investing requires the adoption of uncomfortably idiosyncratic positions.” — Brookfield</description>
      <pubDate>Mon, 23 Feb 2026 18:35:50 +0000</pubDate>
      <category>contrarian</category>
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      <title>Marks reveals Bruce Karsh invested $450 million per week for fifteen weeks during the 2008 crisis.</title>
      <link>https://minutesof.com/q/daaab744-9fde-49dc-9c10-78142782f162/</link>
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      <description>“Bruce and I figured out that we should spend the money. He ran the fund in question and he bravely invested an average of $450,000,000 a week for the next fifteen weeks.” — The Investor’s Podcast</description>
      <pubDate>Sat, 13 Dec 2025 22:45:06 +0000</pubDate>
      <category>contrarian</category>
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    <item>
      <title>Marks shares trader&#x27;s wisdom that when it&#x27;s time to buy, psychological conditions make you not want to.</title>
      <link>https://minutesof.com/q/4bc31d58-ece3-46a0-a796-87bbae65e5df/</link>
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      <description>“I came across a great quote within the last year from a guy who&#x27;s a retired trader, When the time comes to buy, you won&#x27;t want to.” — My First Million</description>
      <pubDate>Fri, 22 Aug 2025 12:36:27 +0000</pubDate>
      <category>contrarian</category>
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      <title>Marks quotes Swensen saying successful investing requires uncomfortably idiosyncratic positions against the cr</title>
      <link>https://minutesof.com/q/40d83787-9223-4915-8b29-888b8ceefe5a/</link>
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      <description>“successful investing requires the adoption of uncomfortably idiosyncratic positions. Everybody has the same influences, everybody thinks pretty much the same,” — Goldman Sachs</description>
      <pubDate>Thu, 30 Jun 2022 15:18:25 +0000</pubDate>
      <category>contrarian</category>
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      <title>Marks quotes Swenson that successful investing requires uncomfortably idiosyncratic positions; tomorrow&#x27;s winn</title>
      <link>https://minutesof.com/q/af8caea7-2f48-42d7-9544-2de012202e2f/</link>
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      <description>“Everybody has the same influences, everybody thinks pretty much the same, everybody anoints the same winners and criticizes the same losers, and obviously tomorrow&#x27;s winners are usually found on the pile of today&#x27;s losers,” — Goldman Sachs</description>
      <pubDate>Thu, 30 Jun 2022 15:18:25 +0000</pubDate>
      <category>contrarian</category>
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